Brief: Neptune Wellness Announces Agreement On Price Of Option To Acquire Remaining Ownership Interest Of Sprout Organics
04/05/2023 13:37
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 MAY EXERCISE OPTION TO PURCHASE REMAINING MINORITY
SHARES OF SPROUT FOR $13 MILLION
* NEPTUNE WELLNESS SOLUTIONS - AGREED PURCHASE PRICE WILL BE
ALLOCATED BETWEEN CASH AND NEPTUNE COMMON SHARES, WITH AT LEAST
$10.5 MILLION PAID IN CASH
* FIXED PURCHASE PRICE IS EFFECTIVE UNTIL JUNE 15, 2023
Source text for Eikon: ID:nCNWjyVDJa
Further company coverage: NEPT.O
Recent news on Neptune Wellness Solutions
See all newsBrief: Neptune Says Trading Of Company's Common Shares On Nasdaq Will Be Suspended As Of Opening Of Business On March 7
Brief: Neptune Wellness Solutions Files For Non Timely 10-Q With US SEC
Brief: Neptune Wellness to buy Data-Marketing and Artificial Intelligence Firm Datasys for about $112 Mln
U.S. STOCKS ON THE MOVE-Ford, Energy firms, Natgas firms
U.S. STOCKS ON THE MOVE-China ADRs, Wayfair, Seagen