Article: Jenny Craig To Be Acquired By ACI Capital & DB Capital Partners; Existing Management Will Continue to Lead Company.

LA JOLLA, Calif. -- Jenny Craig, Inc. (BULLETIN BOARD: JCGI) announced today that it has entered into a definitive merger agreement providing for the acquisition of Jenny Craig by an investor group led by ACI Capital Co., Inc., a private investment firm. DB Capital Partners, the private equity arm of Deutsche Bank, is ACI Capital's partner in the transaction. The investor group will also include Sid and Jenny Craig. The merger agreement calls for each Jenny Craig stockholder to receive $5.30 per share in cash, which represents a premium of approximately 68% to Jenny Craig's January 25, 2002 closing price of $3.15. Based on the $5.30 price per share, the transaction is ...

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