Brief: Neptune Wellness Announces Agreement On Price Of Option To Acquire Remaining Ownership Interest Of Sprout Organics

Neptune Wellness Solutions

04/05/2023 13:32

May 4 (Reuters) - Neptune Wellness Solutions Inc
 NEPT.O :
    * NEPTUNE WELLNESS ANNOUNCES AGREEMENT ON PRICE OF OPTION TO
ACQUIRE REMAINING OWNERSHIP INTEREST OF ORGANIC BABY FOOD BRAND,
SPROUT ORGANICS
    * NEPTUNE WELLNESS SOLUTIONS INC - NEPTUNE MAY EXERCISE
OPTION TO
PURCHASE REMAINING MINORITY SHARES OF SPROUT FOR $13 MILLION
    * NEPTUNE WELLNESS SOLUTIONS INC - AGREED PURCHASE PRICE
WILL BE
ALLOCATED BETWEEN CASH AND NEPTUNE COMMON SHARES, WITH AT LEAST
$10.5 MILLION PAID IN CASH

Source text for Eikon:  ID:nPn5Gkrmta 
Further company coverage:  NEPT.O