Usana Health board urges shareholders to reject CEO’s offer

by louabbott on June 20, 2008

Reuters – Published Jun 20, 2008

Usana Health Sciences Inc (USNA.O) said its board urged the company’s shareholders to reject a tender offer made by its chief executive officer and certain Usana shareholders, terming the offer as “inadequate.”

A special committee of the board determined that the offer price was inadequate from a financial point of view, the nutritional and personal care products company said in a statement.

Read the entire article at Reuters

Also, read our company overview: Usana Facts, News and Review

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