Brief: Thorne Healthtech Enters Into Definitive Agreement To Be Acquired By L Catterton For $10.20 Per Share In Cash

Thorne HealthTech

28/08/2023 14:39

Aug 28 (Reuters) - Thorne Healthtech Inc  THRN.O :
    * THORNE HEALTHTECH, INC. ENTERS INTO DEFINITIVE AGREEMENT
TO BE
ACQUIRED BY L CATTERTON FOR $10.20 PER SHARE IN CASH
    * THORNE HEALTHTECH INC- THORNE STOCKHOLDERS TO RECEIVE
$10.20 PER
SHARE IN CASH, REPRESENTING A 94% PREMIUM TO UNAFFECTED PRICE
    * THORNE HEALTHTECH INC- L CATTERTON TO COMMENCE A TENDER
OFFER
FOR ALL OF THORNE'S OUTSTANDING SHARES OF COMMON STOCK
    * THORNE HEALTHTECH INC - PROPOSED DEAL FOR APPROXIMATELY
$680
MILLION
    * THORNE HEALTHTECH INC - THORNE'S INDEPENDENT SPECIAL
COMMITTEE
AND BOARD OF DIRECTORS HAVE EACH UNANIMOUSLY APPROVED AGREEMENT
    * THORNE HEALTHTECH INC - UPON COMPLETION OF TRANSACTION,
THORNE
WILL BECOME A PRIVATELY HELD CO
    * THORNE HEALTHTECH INC - UPON COMPLETION OF TRANSACTION,
THORNE
SHARES OF COMMON STOCK WILL NO LONGER BE LISTED ON ANY PUBLIC
MARKET

Source text for Eikon:  ID:nPn2Y7LN0a 
Further company coverage:  THRN.O