Deals
Tivity Health Is Buying Diet Plan Company Nutrisystem in $1.3 Billion Deal
Photographer: Tripplar Kristoffer/SIPA/AP
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Tivity Health Inc., the provider of fitness and health improvement programs, is buying diet plan company Nutrisystem Inc. in a $1.3 billion cash and stock deal, people familiar with the matter said.
The transaction values Nutrisystem at about $47 a share, representing a 30 percent premium based on the volume-weighted average price over the last five trading days, said the people, who asked not to be identified because the information is private.