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July 16, 2010

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Carlyle in big deal for NBTY


THE Carlyle Group has agreed to buy vitamin maker NBTY Inc for US$3.8 billion in cash in one of the largest private equity deals so far this year.

NBTY, based in Ronkonkoma, New York, makes nutritional supplements and vitamins under the brands Nature's Bounty, Vitamin World and others. Its board has approved the deal.

Carlyle plans to pay US$55 for each NBTY share, a 47 percent premium above the stock's closing price on Wednesday.

The private equity firm found NBTY's established brands, long-standing customer relationships and a broad base of distribution appealing, said Sandra Horbach, a Carlyle managing director and head of the its consumer and retail sector team.




 

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