Whole Earth Brands to be acquired by Sababa Holdings

Ozark Holdings, an affiliate of Sababa Holdings, will acquire all of the outstanding shares of Whole Earth Brands’ common stock that it does not already own in an all-cash transaction for $4.875 per share.

Irwin D. Simon, executive chair of the company, said, “Following a comprehensive review of strategic alternatives, we are pleased to announce this transaction today, which we believe to be in the best interest of all our shareholders, providing them with the most compelling outcome in terms of maximizing value while offering immediate liquidity at a significant premium. From the beginning of this process, the special committee’s top priority has been to deliver an optimal outcome for all our shareholders, customers, and employees, and we believe we have achieved that with this transaction.”

Going forward, Ozark Holdings intends to do business as Sweet Oak Parent.