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Article: The Hain Celestial Group, Inc. to Acquire Spectrum Organic Products, Inc.
- Article from:
- Business Wire
- Article date:
- August 23, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PETALUMA, Calif. -- Spectrum Organic Products, Inc. (OTCBB:SPOP) announced today the signing of a definitive agreement pursuant to which The Hain Celestial Group, Inc. will acquire the stock of Spectrum for total equity consideration of approximately $0.705 per share, adjusted to reflect Spectrum's estimate of their expenses and the price adjustment provisions of the agreement, or $34.5 million, in a combination of approximately 50 percent cash and 50 percent Hain Celestial common stock. The transaction, which was approved by the board of directors of both companies, is expected to close during the fourth quarter of 2005. The transaction is subject to approval by ...
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Article: Spectrum Organic Products Acquired by The ...
Business Wire;
December 20, 2005 ;
700+ words
... ... PETALUMA, Calif. -- Spectrum Organic Products, Inc. (OTCBB:SPOP ... that the merger with The Hain Celestial Group, Inc. ("Hain ... and $0.355 per share in Hain Celestial shares, which is based ... will increase the amount of Hain Celestial shares outstanding by ...
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