KKR - Nestle looks to buy parts or all of Bountiful Company

Nestle (NSRGY) confirms that it is in talks to acquire all or part of Bountiful Company. Bountiful operates more than a dozen brands across the world, including Nature’s Bounty, Pure Protein, Solgar, Osteo Bi-Flex, Puritan's Pride, Dr.Organic, Sundown, Ester-C and Met-Rx. KKR (KKR) backs Bountiful and had been planning to value Bountiful at more than $6B in an upcoming initial public offering, according to a Wall Street Journal report published last Friday. As part of a strategy reset, Nestle has been selling off less profitable parts of its portfolio and making a stronger push into health and nutrition under new CEO Mark Schneider. Seeking Alpha author Chris Jensen thinks Nestle is firing on all cylinders.

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Nestle looks to buy parts or all of Bountiful Company