Health and wellness company Health Sciences Group has extended the timetable for completing the acquisition of Kalahari Limited. Health Sciences has said that it now anticipates closing the deal on or before 31 December.
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“Due diligence is proceeding routinely, with most milestones being achieved as expected,” said Fred Tannous, co-chairman and chief financial officer of Health Sciences. “We expect to complete outstanding prerequisite items within the next 30 days leading to a signed definitive agreement by year-end.”
Kalahari is a speciality tea and food company, whose products are distributed throughout the US and include Fruit Trekker energy bars.
