 |
Sloane & Company is representing The Vitamin Shoppe in its acquisition by Liberty Tax Inc., a deal valued at about $208 million.
Liberty Tax, the parent company of Liberty Tax Service and Buddy’s Home Furnishings, says it intends to fund the $6.50-a-share transaction with up to about $170 million in debt financing, available cash and the issuance of common stock.
The purchase price represents a premium of more than 43 percent above Vitamin Shoppe’s Aug. 7 closing price of $4.54 per share.
“We have great confidence in the value of The Vitamin Shoppe, its ongoing strategic reinvention plan and the outstanding efforts of The Vitamin Shoppe leadership team and associates,” said Pat Cozza, an independent member of Liberty Tax’s board of directors.
The Vitamin Shoppe operates more than 750 retail outlets under The Vitamin Shoppe and Super Supplements banners.
Sloane & Company managing director Dan Zacchei and senior vice president Joe Germani are handling the deal.
Spectrum Science acquires clinical trial recruitment and engagement solutions provider Continuum Clinical.
How PR agency owners can navigate the M&A process in a way that yields a rewarding experience for both owners and the teams they leave behind.
Ten potential ways an agency sale can positively benefit team members and employees.
Kekst CNC reps Palladium Equity Partners and its joint venture affiliate, Palladium Heritage, on the acquisition of National Auto Parts, USA;, NAP San Diego; and National Auto Parts-Oakland to form Collision Auto Parts, a platform serving customers in the automotive aftermarket collision repair sector.
ICR has acquired Bullfrog + Baum, the 23-year-old PR shop focused on the hospitality, lifestyle, travel and consumer marketing sectors.
Have a comment? Send it to 
No comments have been submitted for this story yet.