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USANA committee recommends against amended offer

By Associated Press
July 3, 2008 | Comments (0)

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Nutritional supplement and skin care products company USANA Health Sciences Inc. said late Thursday that a special committee of its board of directors is recommending shareholders reject an amended buyout offer from Unity Acquisition Corp.

The committee determined that the $28-per-share offer made June 30 by Unity and shareholders including Chief Executive Myron Wentz and President David A. Wentz was inadequate. The committee had previously rejected Unity's $26 per share offer, which was made June 2.

Shares of USANA fell 24 cents to close at $26.41 in an abbreviate session.

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