FitLife Brands To Acquire Substantially All Of The Assets Of MusclePharm For $18.5M, Subject To Customary Adjustments
Portfolio Pulse from Benzinga Newsdesk
FitLife Brands is set to acquire substantially all of the assets of MusclePharm for $18.5M, subject to customary adjustments. The all-cash transaction is expected to be highly accretive to existing shareholders once all transaction-related costs have been expensed. The transaction is expected to close by October 16, 2023.
September 27, 2023 | 8:50 pm
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FitLife Brands' acquisition of MusclePharm's assets could be highly accretive to its shareholders. The deal is expected to close by October 16, 2023.
The acquisition of MusclePharm's assets by FitLife Brands is expected to be highly accretive to its shareholders, indicating a potential increase in the value of its shares. The deal is expected to close by October 16, 2023, which could lead to a short-term increase in the stock price as the market reacts to the news.
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IMPORTANCE 80
RELEVANCE 100