Neptune Wellness Announces Agreement On Price Of Option To Acquire Remaining Ownership Interest Of Organic Baby Food Brand, Sprout Organics
Acquiring Company
Neptune Wellness Solutions
Acquired Company
Ownership Interest
LavalOtherManufacturingHealthcareHealth CareE CommerceFashionRetailDescription
Neptune Wellness Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT), a consumer-packaged goods company focused on plant-based, sustainable and purpose-driven lifestyle brands, today announced that it has entered into an agreement that fixes the purchase price for the exercise of the option to acquire the remaining 49.9% minority share of organic baby food brand, Sprout Organics ("Sprout") pursuant to a call option agreement entered into with the minority stockholders of Sprout. The agreement is subject to the exercise of the option and Board approval, as well as the successful arrangement of funding sources to complete the purchase, which Neptune is working to obtain.
Quick answer
Neptune Wellness Solutions is acquiring Ownership Interest, announced May 4, 2023. Neptune Wellness Solutions is based in Laval, Quebec, Canada.
- How much did Neptune Wellness Solutions pay for Ownership Interest?
- The deal value was not disclosed.
- What does Neptune Wellness Solutions do?
- Neptune is a consumer packaged goods company that aims to innovate health and wellness products.
- Where are Neptune Wellness Solutions and Ownership Interest based?
- Neptune Wellness Solutions is based in Laval, Quebec, Canada.
- Who are the decision-makers at Neptune Wellness Solutions?
- Fundz holds 1 contact at Neptune Wellness Solutions. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Neptune Wellness Solutions, and when
When Neptune Wellness Solutions changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Ownership Interest?
Ownership Interest was acquired by Neptune Wellness Solutions, based in Laval. The deal was reported on May 4, 2023. Neptune is a consumer packaged goods company that aims to innovate health and wellness products. Neptune Wellness Solutions is privately held and operates in Other.
When did Neptune Wellness Solutions acquire Ownership Interest?
Neptune Wellness Solutions's acquisition of Ownership Interest was reported on May 4, 2023. Neptune Wellness Solutions Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Ownership Interest do?
Ownership Interest is the company acquired in this transaction. It is privately held.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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