GREY:ATBIF - Post by User
Post by
jfallenangelon Jun 02, 2008 7:21pm
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Post# 15136768
Yet another takeover in the sector
Yet another takeover in the sectorNBTY was up 7% today on their takeover of
Leiner Health Products Assets - market cap 230m or 50% of ATB.
NBTY In Pact To Buy Leiner Health Products Assets For $230M
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| DOW JONES NEWSWIRES NBTY Inc. (NTY) said Friday it agreed to buy substantially all the assets of Leiner Health Products Inc. for $230 million plus assumption of some liabilities. According to a filing with the Securities and Exchange Commission, the sale agreement is subject to higher or better offers in connection with Leiner's Chapter 11 bankruptcy case. If a higher or better offer is submitted, an auction will be conducted on June 9, the Ronkonkoma, N.Y., nutritional supplement company said. -David J. Reynolds; Dow Jones Newswires; 202-862-1342; david.reynolds@dowjones.com (END) Dow Jones Newswires |