Vitamin Shoppe Owner Taken Private in Deal Valued at $2.6 Billion

Vitamin Shoppe owner Franchise Group Inc would be taken private by a group led by CEO Brian Kahn in a deal valued at about $2.6 billion, the company said on Wednesday.

Shares of Franchise, which also owns retailer Buddy’s Home Furnishings and discount furniture store American Freight, climbed about 3% premarket.

The consortium, which also includes B. Riley Financial Inc and private equity firm Irradiant Partners, would pay $30 per share, slightly above stock’s closing price of $29.92 as of Jan. 9, a day before reports of a potential management buyout first surfaced.

Read the source article at finance.yahoo.com