GT Beverage to acquire Bazi International
June 13, 2012
IRVINE, CALIF. — GT Beverage Co., Inc. has agreed to acquire Bazi International, Inc.
The transaction is expected to close before Oct. 15, and at that time GT Beverage shareholders will retain about 95.5% of the total common shares outstanding of Bazi. In addition, GT Beverage has issued a line of credit to Bazi for up to $600,000.
Bazi is a manufacturer of energy shots designed to enhance physical health and performance. GT Beverage produces vitamin-enhanced water drinks that are a low-calorie, low-sugar alternative to various juices and carbonated beverages for children.