Friday, July 16, 2010

Carlyle Group Buys Up Vitamin Firm in $3.5 Billion Deal

Tess Stynes
Dow Jones Newswires
July 15, 2010

NBTY Inc. (NTY) agreed to be acquired by private-equity firm Carlyle Group in a deal valued at $3.5 billion in one of the largest transactions to take a public company private since the credit bubble burst.

Carlyle and Blackstone Group LP (BX), two of the world’s largest buyout firms, had been eyeing the vitamin and nutritional-supplement maker, The Wall Street Journal reported Wednesday night.

NBTY was formerly known as Nature’s Bounty and sells products under a variety of brands including Solgar, Rexall and MET-Rx. The company has roughly $450 million in debt, a figure that will rise in the wake of the buyout.

NBTY employs 14,000 and had 2009 revenue of $2.6 billion. Roughly 60% of the company’s revenue comes from sales of its products to retailers such as Wal-Mart Inc. (WMT) and Target Corp. (TGT). NBTY also operates retail stores in several continents, including about 440 Vitamin World stores in the U.S. and 537 Holland & Barrett stores in Europe.

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Sheeple



The Black Sheep tries to warn its friends with the truth it has seen, unfortunately herd mentality kicks in for the Sheeple, and they run in fear from the black sheep and keep to the safety of their flock.

Having tried to no avail to awaken his peers, the Black Sheep have no other choice but to unite with each other and escape the impending doom.

What color Sheep are you?

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