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The Toronto-based vitamin maker said Thursday it has agreed to be acquired by Japanese beer-and-beverage company Kirin in an all-cash deal valued at $2.5 billion. The agreement represents a 10 per cent premium for shareholders over the company’s closing price Thursday. (The Logic)
Talking point: The deal would put another Canadian company in foreign hands, following Shell’s $22-billion agreement to buy Calgary-based ARC Resources and Francisco Partners’ deal to acquire fellow Calgary firm Blackline Safety for up to $850 million. Kirin will pay $45.75 per share for Jamieson, which disclosed in June that it had received an unsolicited takeover offer. Jamieson CEO Mike Pilato said Kirin’s global reach and resources could help expand its brands. The transaction requires shareholder, court and regulatory approval and is expected to close in the fourth quarter, with shareholders set to vote in September.
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