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Stock Market & Financial Investment News

News Breaks
June 13, 2014
09:02 EDTGNCGNC Holdings announces resignation of CFO Michael Nuzzo
Nuzzo has tendered his resignation in order to accept an executive position at a private equity funded consumer products company. He will remain with the company through July 18. The company intends to immediately commence a search for a new CFO.
News For GNC From The Last 14 Days
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October 20, 2014
14:46 EDTGNCVitamin Shoppe may hire adviser amid pressure for deal, Reuters says
Vitamin Shoppe (VSI), which has been urged by activist shareholders to consider a sale, is speaking to banks and may hire a financial adviser, according to Reuters, citing people familiar with the matter. Note that Reuters previously reported on September 18 that some large Vitamin Shoppe holders have urged the company to consider a sale to rival GNC Holdings (GNC) or to a private equity buyer. That same day, The Financial Times reported that GNC was considering a possible sale after receiving attention from private equity suitors. Following this latest report from Reuters, shares of Vitamin Shoppe are up 6.7% to $45.23 in afternoon trading, while GNC shares are up over 3% to $38.88. Reference Link

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