Vitamin Shoppe owner Franchise Group considers going private -WSJ (updated)

Franchise

10/01/2023 21:48

(Adds WSJ report details, share move)
       Jan 10 (Reuters) - Franchise Group Inc  FRG.O , the
investment firm that owns retailers including Vitamin Shoppe, is
considering going private, the Wall Street Journal reported on
Tuesday, citing people familiar with the matter. 
    In a potential management buyout led by Chief Executive
Officer Brian Kahn, executives could pay between $30 and $35 per
share, the report said. The top end of the range represents a
premium of 16.2% to the stock's last close.
        Shares of Franchise Group were up marginally at $30.37
in after-hours trading. The company, which has a market value of
nearly $1.1 billion, did not immediately respond to a Reuters'
request for comment. 
 (Reporting by Mehnaz Yasmin and Bhanvi Satija in Bengaluru;
Editing by Maju Samuel)
 ((Mehnaz.Yasmin@thomsonreuters.com;))