Deals
Franklin Eyes Buyout of Whole Earth Brands in $169 Million Deal
- Top shareholder offers to buy out other investors for $4/share
- Serial dealmaker plans merger with Royal Oak Enterprises
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Whole Earth Brands Inc.’s largest shareholder, Martin Franklin, has made an offer to acquire the rest of the company.
The serial dealmaker submitted a non-binding proposal of $4 per share in cash for the health food company, according to a regulatory filing Monday. That represents a 28% premium to Whole Earth Brands’s last closing price.