Wellness Market News: Vitamin Shoppe Loyalty Program Relaunch, Used At-Home Test Strips On Market, More
More ED-spiked coffee recalled; used, unapproved at-home tests on market; trade group unity in "Day On The Hill"; and Bronze, Silver, Gold Healthy Awards At Vitamin Shoppe.
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Firm says following Liberty Tax' offers in early August, it received a second one that "is reasonably likely to lead to" a better deal.Vitamin Shoppe "intends to engage in negotiations with the" second bidder regarding but its board "expressly reaffirms its recommendation" to accept Liberty Tax' offer.
Liberty Tax, which owns tax-return preparation business Liberty Tax Services and branched into capital investing in July, agrees to pay $6.50 per Vitamin Shoppe share, a 43% premium on its closing price a day earlier. Vitamin Shoppe's earnings struggles continued in Q2 as total sales fell 7.6% to $270.9m and it reported a $3.6m net loss after generating $5.3m net income a year ago.
Latest updates to FDA's recalls list also includes four OTC eye drop products from MSM Nutraceuticals the agency says are not terminally sterilized and not tested per US Pharmacopeia standards, and Estee Lauder Clinique Laboratories brand Repairwear Laser Focus Line Smoothing Cream Broad Spectrum SPF 15 due to a defective container.