Why Chinese Bright Food Group wants to buy GNC Holdings Inc?
Chinese food company Bright Food Group Co. is nearing a deal to acquire U.S.-based vitamin retail chain GNC Holdings Inc. for between $2.5 billion and $3 billion. Last year, GNC’s net income totaled $69.5 million on $1.71 billion in revenue. The Pittsburgh-based company filed papers in September for a $350 million initial public offering. GNC Holdings [...]