Smart Balance (SMBL) Acquires Glutino for $66.3M

Smart Balance, Inc. (Nasdaq: SMBL), has acquired 100 percent of the equity interest of Importations DE-RO-MA, which owns Glutino Food Group, for $66.3 million, from Claridge, a Montreal-based investment firm.

Citigroup Global Markets Inc. acted as exclusive financial advisor to Smart Balance in connection with the acquisition. Fried Frank Harris Shriver & Jacobson LLP and McCarthy McCarthy Tetrault LLP served as legal counsel to Smart Balance.

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