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Nutraceutical Up 50% After Being Acquired By HGGC

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Nutraceutical Int'l Corp. (NASDAQ: NUTR) shares are trading higher by $13.90 at $41.90 in Monday's session.

HGGC will acquire the manufacturer, marketer, distributor and retailer of nutritional supplements and related product at a 50 percent premium to Friday's closing price ($28.00) at $41.80.

The transaction couldn't come at a better time for Nutraceutical shareholders as the stock closed at lowest level since early November 2016, when it ended that session at $28.15.

At this time, the Street forecasts the deal to go though as announced as the Nutraceutical's stock is easily maintaining the proposed takeover price.

 

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