NEW YORK (AP) — Weight Watchers International Inc. pronounced Wednesday that it skeleton to buy behind scarcely 25 percent of a outstanding shares by a tender offer and an arrangement with a largest shareholder.
The weight-loss association pronounced a mutated Dutch auction proposal offer to buy adult to $720 million value of a common batch was oversubscribed. It had offering to buy scarcely 8.8 million of a shares, roughly 12 percent of those outstanding, during $82 apiece, though stockholders tendered some-more than 9 million shares.
Weight Watchers had organised with a largest shareholder, Artal Holdings Sp., to squeeze whatever volume of batch would keep Artal’s interest in a association during roughly a same percentage. As a result, it skeleton to buy scarcely 9.5 million shares from Artal during $82 per share.
Including both a proposal offer and a Artal repurchase, Weight Watchers will spend ...
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