9 June 2008 - NBTY Inc., a US producer of nutritional supplements has agreed to acquire California-based Leiner Health Products, Inc., that filed for bankruptcy protection in March of this year.
The deal is valued at USD 230 million.
NBTY said that the purchase price will include "certain liabilities," and that the deal is "subject to higher and better offers that may be submitted by competing bidders" in connection with the bankruptcy proceedings.
If no higher or better offer is submitted by a competing bidder, the purchase transaction contemplated by the Agreement is expected to close no later than September 2008.