Blackstone Group (BX) and Chinese food company Bright Food Group plan to bid for GNC Holdings, Bloomberg News reported.
The purchase of vitamin and nutrition-supplement retail chain GNC could be announced as soon this month, Bloomberg News said without naming its sources.
GNC hired investment banks Goldman Sachs Group Inc (GS) and JPMorgan Chase (JPM) earlier this year to help it find a buyer. The…
Continue reading Blackstone and China’s Bright Food Group Plan Bid for GNC
Blackstone and China’s Bright Food Group Plan Bid for GNC originally appeared on DailyFinance on Tue, 07 Dec 2010 07:28:00.
Filed Under: Company News, JP Morgan Chase, Goldman Sachs , Retail