Deals
GNC Gains as Nutrition Company May Sell Itself, Restructure
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Nutrition retailer GNC Holdings Inc. rose the most since January after the company said it is exploring a wide range of strategic options, which could include selling itself, changing its capital structure or overhauling its operations.
The shares were up 6.8 percent to $26.02 at 2:56 a.m. in New York, after earlier rising as much as 7.4 percent for the biggest intraday gain since Jan. 20. The company’s stock fell 29 percent on Thursday after the retailer reported first-quarter adjusted earnings that fell short of analysts’ estimates and said that same-store sales were down.