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US: Vitamin Shoppe to be acquired by Liberty Tax

 |  August 8, 2019

The Vitamin Shoppe is being acquired by Virginia Beach, Virginia-based Liberty Tax for US$208 million, the Secaucus-based nutritional products announced Thursday, August 8.

“Following a careful and disciplined assessment, the board of directors has concluded that the acquisition proposal from Liberty Tax maximizes value for our shareholders. The transaction also delivers long-term benefits to our associates, customers and business partners. It provides an immediate premium to our current shareholders and aligns The Vitamin Shoppe with a partner that shares our strategic vision to unlock the further potential of The Vitamin Shoppe as a leader in health and wellness. We are committed to transforming into an agile, customer-first organization that differentiates our brand through best-in-class quality, innovation and expertise across our products and services,” Sharon Leite, CEO of The Vitamin Shoppe, said.

Under the terms of the acquisition, The Vitamin Shoppe shareholders will receive US$6.50 per share they own.

Full Content: TWST

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