HGGC to buy Nutraceutical International for $446 mln

HGGC LLC has agreed to buy Nutraceutical International Corp in a deal valued at about $446 million, including debt. Terms of the deal call for Nutraceutical stockholders to receive $41.80 in cash (without interest) for each outstanding share. The deal includes a 60-day "go-shop" period where Nutraceutical can actively solicit, evaluate and potentially enter into negotiations with alternative proposals. Nutraceutical, of Park City, Utah, makes, markets and distributes branded nutritional supplements and other natural products sold primarily to and through domestic health and natural food stores.

DealsNorth AmericaUSBriefs