Liberty expects the deal to close in the fourth quarter. It is expected to be accomplished through $170 million in debt financing along with a combination of cash and/or the issuance of Liberty common stock. The press release calls it both an all-cash deal and then discusses the possibility of using some stock.
After the Buddy’s acquisition, this is the second step towards the company’s change of direction—buying franchising companies with the parent changing its name to Franchise Group Inc. The company will continue to operate its tax preparation business under the name Liberty Tax.
Based in New Jersey, The Vitamin Shoppe operates more than 780 stores which sell nutritional supplements.Last modified on Tuesday, 13 August 2019