Numico Completes Rexall Stock Purchase

June 1, 2000

1 Min Read
Numico Completes Rexall Stock Purchase


Numico Completes Rexall Stock Purchase

ZOETERMEER, The Netherlands--Royal Numico NV (Amsterdam Stock Exchange:NUM) hascompleted its cash tender offer for all outstanding shares of Boca Raton, Fla.-basedRexall Sundown (NASDAQ:RXSD), as of midnight, Eastern standard time, June 2. Numicooffered $24 per share to RXSD shareholders through Nutricia Investment Corp., NUM's whollyowned subsidiary. Upon completion of the sale, Numico had acquired more than 62.6 millionor about 96 percent of RXSD's issued and outstanding shares of common stock. All remainingshares will be converted into the right to receive $24 per share in cash, and RexallSundown will become an indirect wholly owned subsidiary of Royal Numico.

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