Usana Health Sciences (USNA) said Monday that it acquired a 78.8% controlling stake in Hiya Health Products for $205 million.
The transaction, which closed on Monday, includes a put or call feature that allows Usana to acquire the remaining equity in Hiya at a pre-negotiated valuation scale, according to the company.
Usana said it financed the transaction with $200 million cash on hand and the remaining was covered by its existing credit facility.
Shares of Usana were up 2.5% in recent trading.
Price: 34.22, Change: +0.84, Percent Change: +2.50
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