It was announced in august that Liberty Tax Inc. would acquire The Vitamin Shoppe for approximately $208 million. – THE VITAMIN SHOPPE INC.
The Vitamin Shoppe Inc. received an acquisition proposal from a third party bidder during the “go shop” period of its acquisition agreement with Liberty Tax Inc.
The name of the third party bidder has not been released.
The bid is “reasonably likely” to lead to a superior proposal, according to the company, but discussions and negotiations with the bidder “could terminate at any time.”
The board of directors has not changed its recommendation in favor of the pending merger with Liberty Tax – an all-cash transaction valued at approximately $208 million, announced in August.
New York-based Kirkland & Ellis LLP is acting as legal counsel to The Vitamin Shoppe. Bank of America Merrill Lynch, based in Charlotte, is its financial advisor.