Hints and tips:
...“The GNC as you know decided yesterday not to propose names and to ask for more changes in the text,” said Mr Leon....
...the GNC to re-engage....
...The vitamin and nutrition business has been a popular target of private equity groups, with Carlyle purchasing NBTY for $3.8bn in 2010. GNC declined to comment....
...Also, the GNC’s term technically expired in February; it voted to continue its own mandate despite popular opposition....
...GNC’s owners paid $1.65bn for the business in 2007....
...The GNC deal made a lot of sense for Bright Food, given Chinese people’s predilection for health foods and herbs....
...GNC could fetch between $2.5bn and $3bn, said people familiar with the talks....
...Since then it has walked away from United Biscuits, the UK maker of Jaffa cakes, and GNC, the US vitamin retailer. Mr Wang indicated these deals fell apart over issues of price and risks that emerged....
...Bright failed to win or backed away from deals to acquire Sucrogen, the sugar and biofuels unit of Australia’s CSR, the UK’s United Biscuits and GNC, the US vitamin retailer....
...The pairing of Blackstone and Bright Food, in a possible $2.5-$3bn bid for US vitamins retailer GNC, is a neat illustration of the function of foreign private equity firms in China....
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