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Stock Market & Financial Investment News

News Breaks
June 9, 2014
05:38 EDTVSIVitamin Shoppe acquires FDC Vitamins for $85M
Vitamin Shoppe announced that it has purchased FDC Vitamins, doing business as Nutri-Force Nutrition, a contract manufacturer of vitamins, minerals and supplements from MBF Healthcare Partners, and other minority holders. Nutri-Force is a current manufacturer for the company as well as for other domestic and international customers and distributors. The transaction was structured as a purchase of FDC Vitamins, equity by a wholly-owned subsidiary of the Vitamin Shoppe. The purchase price is approximately $85M which includes a $5M earn out based on 2014 financial performance. The purchase price will be paid with available cash. The acquisition of Nutri-Force is expected to be neutral to slightly accretive to 2014 EPS, excluding transaction and integration costs.
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July 28, 2015
07:39 EDTVSIVitamin Shoppe Q2 results expected to be soft, says Baird
Baird expects Vitamin Shoppe to report soft Q2 results citing negative comps and significant EBIT margin compression. The firm noted investor sentiment is low heading into the results and that it expects more details on the new CEO's strategic position. Baird reiterated its Outperform rating and $45 price target on Vitamin Shoppe shares.

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