Neptune Wellness Solutions has announced that it has entered into a purchase price agreement to acquire the remaining 49.9% minority share of Sprout Organics, an organic baby food brand. The acquisition is subject to a call option agreement with the minority stockholders of Sprout and the fixed purchase price will remain effective until June 15, 2023. Neptune acquired controlling ownership of 50.1% of Sprout in February 2021.
- Neptune Wellness Solutions (NASDAQ:NEPT) entered purchase price agreement to acquire the remaining 49.9% minority share of organic baby food brand, Sprout Organics.
- The acquisition pertains to a call option agreement entered into with the minority stockholders of Sprout.
- The fixed purchase price is effective until June 15, 2023.
- Neptune acquired the controlling ownership of 50.1% of Sprout in February 2021.
Source: SeekingAlpha
