Vitamin Shoppe to be bought by Liberty Tax at a 43% premium

Vitamin Shoppe Inc. said Thursday it agreed to be acquired at a 43% premium by Liberty Tax Inc. in a cash deal valued at $208 million. Under terms of the deal, Vitamin Shoppe shareholders will receive $6.50 a share for each of the nutritional products retailer shares they own, which is 43% above Wednesday‘s closing price of $4.54 and implies a market capitalization of about $155.9 million. The deal is expected to be completed in the fourth quarter of 2019. Liberty Tax is the parent of Liberty Tax Service and Buddy‘s Home Furnishings. Vitamin Shoppe‘s stock, which is still inactive in premarket trading, has tumbled 57.6% over the past 12 months, while the S&P 500 has gained 0.9%.

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