Atkins Nutritional to merge with blank-check firm Conyers Park
11/04/2017 12:39
April 11 (Reuters) - Weight-control nutrition company Atkins
Nutritional Holdings agreed on Tuesday to go public through a
merger with blank-check company Conyers Park Acquisition Corp
CPAAU.O in a deal valuing the combined company at about $856
million.
Atkins, owned by private equity firm Roark Capital
Management LLC, and Conyers will combine under a holding company
called Simply Good Foods Co. urn:newsml:reuters.com:*:nPn9jKSSla
Atkins, best known for its high-protein eponymous diet, has
now shifted to make protein bars, shakes and frozen meals.
The selling equity owners of Atkins will get $730.1 million,
which includes 10.3 million shares of Simply Good Foods common
stock valued at $10.00 per share.
(Reporting by Anya George Tharakan in Bengaluru; Editing by
Maju Samuel)
((anyageorge.tharakan@thomsonreuters.com; within U.S.
+1-646-223-8780; outside U.S. +91 80 6749 7118; Reuters
Messaging: anyageorge.tharakan.thomsonreuters.com@reuters.net))
Keywords: ATKINS M&A/CONYERS PARK