NBTY (NTY) Acquired By The Carlyle Group
On July 15, 2010 NBTY, Inc. (NYSE: NTY) entered a definitive merger agreement under which The Carlyle Group will acquire NBTY in a transaction valued at $3.8 billion.
Under the terms of the merger agreement, Carlyle will acquire all of the outstanding common shares of NBTY for $55.00 per share in cash, representing a premium of approximately 57% over NBTY's average closing share price during the 30 trading days ended July 14, 2010.
BofA Merrill Lynch and Centerview Partners LLC are acting as financial advisors to NBTY, and Sullivan & Cromwell LLP is acting as the legal advisor to NBTY. Barclays Capital and Credit Suisse are acting as financial advisors to Carlyle, and Latham & Watkins LLP is acting as Carlyle's legal advisor.
The transaction is expected to close by the end of 2010.