Former Country Life Vitamins Executive Seeks to Buy Nutraceutical International (NUTR) For $10.75 A Share

August 19, 2009 8:09 AM EDT

Ryan Drexler, a former senior executive and equity owner of market-leading Country Life Vitamins and holder of 341,000 shares, or 3.1% of the outstanding common stock of Nutraceutical International (Nasdaq: NUTR) announced his proposal to acquire all of the outstanding shares of Nutraceutical International Corp. in a negotiated all-cash transaction of $10.75 per share.

In his letter to the Board, Mr. Drexler wrote: "...I believe the company is sorely underperforming and in dire need of management direction and expertise. Twice before I have reached out to the board in an effort to find a mutually beneficial path toward unlocking value for all Nutraceutical shareholders and twice before I have received cursory rejections. This is in spite of the fact, known to management, that I personally have a long track record of success as an executive and equity owner in the nutritional supplement and natural product industry.

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