Central Garden & Pet Company Confirms Receipt of Unsolicited Letter from Harbinger Group
24 June 2014 - 9:26AM
Business Wire
Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA),
a leading innovator, marketer and producer of quality branded
products for the lawn and garden and pet supplies markets, today
confirmed that it has received an unsolicited letter from Harbinger
Group Inc. requesting that the Company discuss with Harbinger a
possible acquisition by Harbinger of all outstanding shares of
Central’s common stock at $10 per share in cash or, alternatively,
the acquisition of the Company’s Pet segment for $750 million in
cash, subject to due diligence.
Central’s Board will review Harbinger Group’s unsolicited letter
in due course in consultation with its financial and legal
advisors.
About Central Garden & Pet
Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA)
is a leading innovator, marketer and producer of quality branded
products for the lawn & garden and pet supplies markets.
Committed to new product innovation, our products are sold to
specialty independent and mass retailers. Participating categories
in Lawn & Garden include: Grass seed and the brands
PENNINGTON®, SMART SEED® and THE REBELS®; wild bird feed and the
brand PENNINGTON®; weed and insect control and the brands AMDRO®,
SEVIN®, IRONITE® and OVER-N-OUT®; and decorative outdoor patio
products under the PENNINGTON® brand. We also provide a host of
other regional and application-specific garden brands and supplies.
Participating categories in Pet include: Animal health and the
brands ADAMS™ and ZODIAC®; aquatics and reptile and the brands
OCEANIC SYSTEMS®, AQUEON® and ZILLA®; bird & small animal and
the brands KAYTEE®, SUPER PET® and CRITTER TRAIL®; dog & cat
and the brands TFH™, NYLABONE®, FOUR PAWS®, PINNACLE® and AVODERM®;
and equine and the brands FARNAM®, BRONCO® and SUPER MASK®. We also
provide a host of other application-specific pet brands and
supplies. Central Garden & Pet Company is based in Walnut
Creek, California, and has approximately 3,400 employees, primarily
in North America. For additional information on Central Garden
& Pet Company, including access to the Company's SEC filings,
please visit the Company’s website at www.central.com.
“Safe Harbor” Statement under the Private Securities Litigation
Reform Act of 1995: The statements contained in this release which
are not historical facts are forward-looking statements that are
subject to risks and uncertainties that could cause actual results
to differ materially from those set forth in or implied by
forward-looking statements. All forward-looking statements are
based upon the Company’s current expectations and various
assumptions. There are a number of risks and uncertainties that
could cause our actual results to differ materially from the
forward-looking statements. These risks and others are described in
Central’s Securities and Exchange Commission filings. Central
undertakes no obligation to publicly update these forward-looking
statements to reflect new information, subsequent events or
otherwise.
Central Garden & Pet CompanySteven Zenker, 925-948-3657Vice
President of Investor Relations &
Communicationsszenker@central.comorSard Verbinnen & CoBrian
Shiver, 212-687-8080bshiver@sardverb.com
Central Garden and Pet (NASDAQ:CENT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Central Garden and Pet (NASDAQ:CENT)
Historical Stock Chart
From Jul 2023 to Jul 2024