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Jamieson Wellness Being Acquired by Japan's Kirin Holdings in C$2.5 Billion Deal

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Jamieson Wellness (JWEL.TO) is being acquired by Japan's Kirin Holdings for C$45.75 per share in cash, valuing the company at C$2.5 billion, the company said after trade on Thursday.

The consideration represents a 27% premium to Jamieson's 20-day volume-weighted average price on the Toronto Stock Exchange.

"Today marks an exciting new chapter for our company and for our iconic 104-year-old brand," said chief executive Mike Pilato. "I am incredibly proud that our business will continue to flourish globally under the stewardship of a company with an even longer history and a deep commitment to health and wellness.

The transaction is not subject to any financing condition and is expected to be completed in the fourth quarter of this year, a statement said.

Jamieson shares will be delisted from the Toronto Stock Exchange.

Jamieson shares closed unchanged at C$41.50 on the Toronto Stock Exchange.

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