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MDNU Medical Nutrition Usa (MM)

3.98
0.00 (0.00%)
09 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Medical Nutrition Usa (MM) NASDAQ:MDNU NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.98 0 01:00:00

Danone Completes Acquisition of Medical Nutrition USA, Inc.

22/07/2010 9:54pm

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Medical Nutrition Usa (MM) (NASDAQ:MDNU)
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Medical Nutrition USA, Inc. (NASDAQ: MDNU) (and referred to herein as "MNI"), a developer and distributor of nutrition-medicine products, today announced the completion of its previously announced merger with a subsidiary of Danone North America, Inc. ("Danone"). The closing of the merger occurred on Thursday, July 22, 2010. As a result of the merger, all of the outstanding common stock of MNI has been converted into the right to receive $4.00 per share in cash as set forth in the Agreement and Plan of Merger, dated as of June 10, 2010, which was attached as Exhibit 2.1 to MNI's Current Report on Form 8-K filed on June 14, 2010 with the Securities and Exchange Commission. MNI is now a wholly owned subsidiary of Danone and public trading of MNI's common stock on the NASDAQ Capital Market will cease prior to the commencement of trading on July 23, 2010.

About Medical Nutrition USA, Inc. Medical Nutrition USA develops and distributes products for the nutritionally at risk who are under medical supervision. Its products are used primarily in long-term care facilities, hospitals, dialysis clinics and bariatric clinics. The Company's product lines include Pro-Stat®, Fiber-Stat®, UTI-Stat® and Diff-Stat® as well as private label products. Additional information is available at www.mdnu.com.

About Danone Danone is a Fortune 500 company and one of the most successful healthy food companies in the world. Its mission is to bring health through food to as many people as possible. Fulfilling this mission is a major contributor to Danone's continuous rapid growth. Danone, with 160 plants and around 80,000 employees, has a presence in all five continents and over 120 countries. In 2009, Danone recorded EUR 15 billion in sales. Danone enjoys leading positions on healthy food in four businesses: fresh dairy products (#1 worldwide), water (#2 on the packaged water market), baby nutrition (#2 worldwide) and medical nutrition. Listed on Euronext Paris, Danone is also ranked among the main indexes of social responsibility: Dow Jones Sustainability Index Stoxx and World, ASPI Eurozone and Ethibel Sustainability index.

Contacts: Medical Nutrition USA, Inc. Frank J. Kimmerling Vice President/CFO 800.221.0308 Email Contact

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