In Brief: Natural Health Alternatives
This article was originally published in The Tan Sheet
Executive Summary
Natural Health Alternatives: Expects purchase of Global Health Alternatives to be completed in July. Pompano Beach, Fla.-based NHT will acquire Global in exchange for 5.8 mil. shares of common stock on the consummation of the agreement and additional shares are "issuable" after the acquisition based on future earnings of Global. Based on a closing price of 7/8 per share on June 27, the value of the stock exchanged at closing is roughly $5.1 mil. Global markets and distributes natural health care products through drug and health food stores and directly to consumers. Following the purchase, Global will operate as a division of NHT. Brian Wolfson, current chairman of Global, will become chairman and chief financial officer of NHT. The acquisition will bring NHT into natural health products marketing for the first time ("The Tan Sheet" Feb. 10, p. 23)...