New Leaf Brands open to sale or merger
June 29, 2011
OLD TAPPAN, N.J. — New Leaf Brands, Inc. has announced it is looking into strategic alternatives for the company that might include a sale, merger, joint venture agreement, a sale or spinoff of company assets, a sales of shares or other recapitalization of the company, or possible other options.
“There can be no assurance that the exploration of strategic alternatives will result in any transaction, or that, if completed, any transaction will be on attractive terms,” the company said. “The company does not intend to disclose developments with respect to its strategic review process unless and until its board of directors has approved a specific transaction.”