KI NutriCare, Allergy Research
This article was originally published in The Tan Sheet
Executive Summary
Happauge, N.Y.-based supplement firm KI NutriCare will acquire Alameda, Calif.-based Allergy Research Group for $1.33 per share and $19.5 million in an "all cash tender offer" by Longhorn Acquisition Corp., a wholly owned subsidiary of KI NutriCare, according to the firms' Aug. 11 joint release. The acquisition will enhance KI NutriCare, a wholly owned subsidiary of Kikkoman Corp., and expand the Kikkoman group's nutritional supplement business, the firms say. Under the definitive agreement approved by Allergy Research's board of directors, the firm will continue to operate in California and Longhorn will be merged into the acquired firm as a result of the deal...