Thorne HealthTech jumps after $680 mln take-private deal

Thorne HealthTech

28/08/2023 13:30

** Shares of health and wellness company Thorne HealthTech
 THRN.O  rise 28.9% to $10.07 premarket 
   ** Co says private equity firm L Catterton will take it
private in a deal valued at $680 mln
    ** PE firm to make a tender offer to acquire Thorne's stock
at $10.20 per share in cash, representing a premium of 30.6% to
THRN's last closing price 
    ** THRN, which had its public debut in 2021 at an IPO price
of $10/shr, makes supplements and offers health tests 
    ** Shares had more than doubled this year, up to last close 

 (Reporting by Manas Mishra in Bengaluru)
 ((Manas.Mishra@thomsonreuters.com;
www.twitter.com/Manaswrites15;))