Better Choice Company Announces Formation of Special Committee to Evaluate M&A and Asset Monetization
Better Choice Company Inc. (NYSE American: BTTR) has formed a special committee to evaluate M&A and asset monetization opportunities. The committee, consisting of Lionel Conacher, John Word III, and Michael Young, will explore options including joint ventures, acquisitions, and dispositions. This move follows the termination of Alphia Inc's right of first refusal, which had previously hindered the company's ability to pursue corporate transactions.
Michael Young, Chairman of Better Choice, stated that this development removes a major obstacle in the company's pursuit of transactions that could benefit shareholders. The committee may also re-engage with candidates who had previously expressed interest in discussions with the company.
Better Choice Company Inc. (NYSE American: BTTR) ha costituito un comitato speciale per valutare le opportunità di M&A e monetizzazione degli asset. Il comitato, composto da Lionel Conacher, John Word III e Michael Young, esplorerà opzioni che includono joint venture, acquisizioni e dismissioni. Questa decisione segue la cessazione del diritto di prelazione di Alphia Inc, che aveva precedentemente ostacolato la capacità dell'azienda di perseguire operazioni corporate.
Michael Young, Presidente di Better Choice, ha dichiarato che questo sviluppo rimuove un ostacolo significativo nella ricerca di operazioni che potrebbero avvantaggiare gli azionisti. Il comitato potrebbe anche riattivare i contatti con i candidati che in precedenza avevano espresso interesse nelle discussioni con l'azienda.
Better Choice Company Inc. (NYSE American: BTTR) ha formado un comité especial para evaluar las oportunidades de M&A y monetización de activos. El comité, compuesto por Lionel Conacher, John Word III y Michael Young, explorará opciones que incluyen joint ventures, adquisiciones y disposiciones. Este movimiento sigue a la terminación del derecho de tanteo de Alphia Inc., que había dificultado anteriormente la capacidad de la empresa para llevar a cabo transacciones corporativas.
Michael Young, Presidente de Better Choice, declaró que este desarrollo elimina un obstáculo importante en la búsqueda de transacciones que podrían beneficiar a los accionistas. El comité también podría volver a contactar con candidatos que previamente habían mostrado interés en conversaciones con la empresa.
베터 초이스 컴퍼니 주식회사 (NYSE American: BTTR)는 M&A 및 자산 수익화 기회를 평가하기 위한 특별 위원회를 구성했습니다. 이 위원회는 라이오넬 코나처, 존 워드 III 및 마이클 영으로 구성되어 있으며, 합작 투자, 인수 및 처분을 포함한 옵션을 탐색할 것입니다. 이 결정은 알피아 주식회사의 우선 구매권 종료에 따른 것으로, 이는 회사가 기업 거래를 진행하는 데 있어 이전에 장애물이 되었습니다.
베터 초이스의 회장인 마이클 영은 이 개발이 주주에게 혜택을 줄 수 있는 거래를 추구하는 데 있어 주요 장애물을 제거한다고 밝혔습니다. 위원회는 또한 이전에도 관심을 표명했던 후보자들과 다시 연락할 수 있습니다.
Better Choice Company Inc. (NYSE American: BTTR) a formé un comité spécial pour évaluer les opportunités de fusions-acquisitions et de monétisation d'actifs. Le comité, composé de Lionel Conacher, John Word III et Michael Young, explorera des options incluant des coentreprises, des acquisitions et des cessions. Cette décision fait suite à la résiliation du droit de première offre d'Alphia Inc., qui avait auparavant entravé la capacité de l'entreprise à poursuivre des transactions.
Michael Young, Président de Better Choice, a déclaré que ce développement élimine un obstacle majeur dans la recherche de transactions pouvant bénéficier aux actionnaires. Le comité pourrait également reprendre contact avec des candidats qui avaient précédemment exprimé un intérêt lors des discussions avec l'entreprise.
Die Better Choice Company Inc. (NYSE American: BTTR) hat ein spezielles Komitee gebildet, um M&A- und Vermögensverwertungschancen zu bewerten. Das Komitee, bestehend aus Lionel Conacher, John Word III und Michael Young, wird Optionen wie Joint Ventures, Übernahmen und Veräußerungen prüfen. Dieser Schritt folgt der Beendigung des Vorkaufsrechts von Alphia Inc., das zuvor die Fähigkeit des Unternehmens eingeschränkt hatte, Unternehmensgeschäfte zu verfolgen.
Michael Young, Vorsitzender von Better Choice, erklärte, dass diese Entwicklung ein wesentliches Hindernis bei der Verfolgung von Transaktionen beseitigt, die den Aktionären zugutekommen könnten. Das Komitee könnte auch in Kontakt mit Kandidaten treten, die zuvor Interesse an Gesprächen mit dem Unternehmen bekundet hatten.
- Formation of special committee to evaluate M&A and asset monetization opportunities
- Removal of Alphia Inc's right of first refusal, enabling pursuit of corporate transactions
- Potential for shareholder value creation through strategic transactions
- None.
TAMPA, Fla., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Better Choice Company Inc. (NYSE American: BTTR) (“Better Choice” or “the Company”), a pet health and wellness company, today announced that its Board of Directors has formed a special committee consisting of Lionel Conacher, John Word III and Michael Young.
The committee’s mandate will be to evaluate all and any M&A and asset monetization opportunities, including joint ventures, acquisitions, dispositions, and may re-engage certain candidates previously expressing an interest in having discussions with the Company.
According to Mr. Young, Chairman of the Company, “The termination of the right of first refusal held by Alphia Inc, as part of the previously announced litigation settlement has alleviated one of the major roadblocks to the Company’s pursuit of a corporate transaction in the best interest of our shareholders.”
About Better Choice Company Inc.
Better Choice Company Inc. is a rapidly growing pet health and wellness company committed to leading the industry shift toward pet products and services that help dogs and cats live healthier, happier and longer lives. We take an alternative, nutrition-based approach to pet health relative to conventional dog and cat food offerings and position our portfolio of brands to benefit from the mainstream trends of growing pet humanization and consumer focus on health and wellness. We have a demonstrated, multi-decade track record of success selling trusted pet health and wellness products and leverage our established digital footprint to provide pet parents with the knowledge to make informed decisions about their pet’s health. We sell the majority of our dog food, cat food and treats under the Halo brand, which is focused, respectively, on providing sustainably sourced kibble and canned food derived from real whole meat, and minimally processed raw-diet dog food and treats. For more information, please visit
https://www.betterchoicecompany.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. The Company has based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Some or all of the results anticipated by these forward-looking statements may not be achieved. Further information on the Company’s risk factors is contained in our filings with the SEC. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Company Contact:
Better Choice Company, Inc.
Kent Cunningham, CEO
Investor Contact:
KCSA Strategic Communications
Valter Pinto, Managing Director
T: 212-896-1254
Valter@KCSA.com
FAQ
What is the purpose of Better Choice Company's newly formed special committee?
Who are the members of Better Choice Company's special committee?
What significant obstacle has been removed for Better Choice Company's pursuit of corporate transactions?
Will Better Choice Company (BTTR) consider re-engaging with previous interested parties?
