Deal Snapshot
ACT II GLOBAL ACQUISITION TO COMBINE WITH FLAVORS HOLDINGS TO FORM WHOLE EARTH BRANDS
Friday 20 December 2019

US-based special purpose acquisition company Act II Global Acquisition Corp. (NASDAQ: ACTT) has entered into a definitive business combination with the owners of sugar substitutes maker Merisant Company and licorice products maker MAFCO Worldwide LLC, the company said.
Merisant and MAFCO comprise the operating subsidiaries of Flavors Holdings Inc. which is owned by affiliates of MacAndrews and Forbes Inc. Subject to the terms and conditions set forth in a purchase and aale agreement, Act II will combine with the businesses of Merisant, MAFCO and certain of their subsidiaries.


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Details
Date Published: 20/12/2019
Target: Merisant Company, MAFCO Worldwide
Country: USA
Deal Size: 510m (USD)
Sector: Food/Beverages/Tobacco
Type: LBO
Financing: Cash and Stock
Status: Agreed
Vendor: Flavors Holdings Inc
Buyer: Act II Global Acquisition Corp
Buyer Advisor: DLA Piper , Goldman Sachs and Co , Moelis and Company , Cantor Fitzgerald and Co
Comment:


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