Danone Completes Acquisition of Medical Nutrition USA, Inc.
July 22 2010 - 4:54PM
Marketwired
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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