Tivity Health lands Nutrisystem
Seeking Alpha
Published Dec 10, 2018 08:08AM ET
Tivity Health lands Nutrisystem
- Tivity Health (NASDAQ:TVTY) strikes an agreement to acquire Nutrisystem (NASDAQ:NTRI) in a cash and stock deal.
- Under the terms of the deal, Nutrisystem shareholders will receive $38.75 per share in cash and 0.2141 Tivity Health shares for each share of Nutrisystem held.
- The transaction values Nutrisystem at an enterprise value of $1.3B and an equity value of $1.4B, or approximately $47.00 per share.
- Boards of both companies have approved the merger.
- "The combined company will be unique in offering, at scale, an integrated portfolio of fitness, nutrition and social engagement solutions to support overall health and wellness. Through this expanded portfolio, Tivity Health will be better positioned to address weight management – a major factor contributing to many chronic diseases. The diversification of Tivity Health's portfolio and increased scale will benefit all the company's stakeholders – including health plans, fitness partners, members and consumers – as these offerings support healthier lifestyles and can lower medical costs."
- The merger is expected to bring double digit accretion to Tivity Health's adjusted EPS in 2020 and beyond, as well as significant potential for value creation with expected annual cost synergies of ~$30M to $35M.
- Source: Press Release
- Now read: 10 Of 59 Consumer Cyclical 'Safer' Dividend WallStars Flash 25.6%-50.8% Gains Per Broker November Targets
Original article
Get The News You Want
Written By: Seeking Alpha
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.