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Vitamin Shoppe Announces Has Stopped Negotiations With Bidder

Author: Benzinga Newsdesk | September 23, 2019 05:14pm

 previously disclosed on September9, 2019, Vitamin Shoppe, Inc. (the “Company”) received an acquisition proposal to acquire the Company from a third party (the “Bidder”) during the“go-shop”period contemplated by the terms of the previously announced merger agreement by and among the Company, Franchise Group, Inc. (formerly known as Liberty Tax, Inc.) (“Franchise Group”) and Valor Acquisition, LLC. On September23, 2019, in light of the failure of the Bidder to obtain committed financing, the Company determined to cease negotiations with the Bidder as of such date.

Neither the Board of Directors of the Company nor the Special Committee of the Board of Directors of the Company has changed its recommendation in favor of the Company’s pending merger with Franchise Group and each expressly reaffirms its recommendation in favor of the pending merger with Franchise Group.

Posted In: VSI

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