Jamieson Wellness Inc. confirmed that its board of directors has initiated a process to enhance shareholder value after receiving an unsolicited inbound proposal to acquire the company. The board is in discussions with interested parties regarding a potential transaction but emphasized there is no assurance the process will result in a deal.
If no transaction is completed, the company said it remains committed to its current strategic plan. Jamieson Wellness is a Canadian manufacturer and marketer of vitamins, minerals, supplements and other health products. The company sells its products under the Jamieson brand and a portfolio of consumer health brands across Canada, the United States, China and other international markets.
BMO Capital Markets and Canaccord Genuity are serving as financial advisors to Jamieson.