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The Hain Celestial Group, Inc. announced the signing of a letter of intent to acquire TenderCare International Inc.
August 6, 2007
By: TOM BRANNA
Editor
The Hain Celestial Group, Inc., a natural and organic personal care products company, announced the signing of a letter of intent to acquire TenderCare International Inc., a Wisconsin-based marketer and distributor of chlorine-free and gel-free natural diapers and baby wipes. Under the terms of the agreement, Hain Celestial has agreed to pay $0.45 per share in cash for all of the outstanding shares of TenderCare common stock. As of December 31, 2006 there were 7.4 million shares of outstandin...
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