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GNCIQ - GNC Holdings: Last One Out Turn Off The Lights
GNC Holdings Inc. - Class A
GNC Holdings (GNCIQ) has been trading on the pink sheets since after the parent company filed bankruptcy on June 23, 2020. The bankruptcy filing included statements about a "stalking horse bid" by the Chinese company Harbin Pharmaceuticals, the largest common shareholder and an existing partner for GNC in China. This bid was accepted as the starting price, as GNC intended to have an auction for the company. Hoping for a higher bid despite the common being likely to be wiped out, shares of the common stock did drift lower on the "pink sheets".