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Non-Tech : GNCI General Nutrition

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To: Roger Bodine who wrote (88)	7/5/1999 7:47:00 PM
From: Roger Bodine	of 110

Headlines from Reuters 07/05 10:31 NUMICO<NUMCc.AS> SAYS TO MAKE PUBLIC $25/SHR BID FOR U.S. GENERAL NUTRITION CO AMSTERDAM, July 5 (Reuters) - Dutch food group Numico NV said on Monday it planned to make a friendly bid for U.S. food supplement maker and retailer General Nutrition Cos Inc. The $25 per share bid is worth $1.77 billion and Numico will also take over $760 million in debt, making the total transaction worth $2.5 billion, Numico said in a statement. The takeover will be financed through bank loans, and by issuing both Numico shares and subordinated convertible bonds at a later date, the Dutch group added. COPYRIGHT © 1999 REUTERS LIMITED. ALL RIGHTS RESERVED.

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