BJ’s shareholders OK acquisition by Leonard Green, CVC
WESTBOROUGH, Mass. — At a special meeting held Friday, BJ’s Wholesale Club stockholders approved the definitive agreement between the company and Leonard Green & Partners and CVC Capital Partners to be acquired in an all-cash transaction valued at about $2.8 billion.
BJ’s anticipates the closing of the transaction, which was announced in late June, will occur around the end of the month.
The agreement was approved by holders of approximately 72% of the company’s outstanding common stock, while holders of approximately 0.4% of the company’s outstanding common stock voted against it. The payout to shareholders is $51.25 per share in cash.
Last month, the wholesaler reported that its second-quarter results beat expectations, thanks to strong performances in key categories and higher gas profitability.
Mad Gab’s develops new Wildly Natural lip products
WESTBROOK, Maine — Mad Gab’s, a maker of natural body care products, is expanding its portfolio in October with a new collection of lip glosses, lip butters and lip shimmers.
The new Wildly Natural lip products are inspired by patterns found in nature and formulated with natural ingredients. The new products include:
Wildly Natural lip gloss: Moisturizes with shea butter and organic oils. Natural color and shine leave lips looking scrumptious. The lip gloss is available in pink, plum and bronze and packaged in a clear recyclable plastic squeeze tube. The suggested retail price is $6.
Wildly Natural lip shimmers: Moisturize with shea butter and organic extra-virgin olive oil while natural mica provides color and shimmer. The lip shimmers are available in pink, plum and bronze and packaged in a clear recyclable plastic tube. The suggested retail price is $5.
Wildly Natural lip butters: Contain shea and mango butters that soften lips while restoring moisture. Coconut-lime, lavender-vanilla and juicy mango lip butters come packaged in a clear recyclable plastic tube. The suggested retail price is $3.25.
New ‘It’s A Small World’-inspired skin care collection targets moms, children
NEW YORK — Skin care company Basq has collaborated with Disney Consumer Products to develop an "It’s A Small World”-inspired skin care collection for moms and children.
With such names as Dream, Share, Touch & Love, the new collection aims to bring the attraction’s multicultural vibrant colors, patterns and images to life.
The "It’s A Small World" line will depict the bond of mother and child and the shared connections of moms worldwide. The products are global as the ingredients capture the fine skin care elements from cultures around the world. The assortment will highlight the following products:
Dream Sleep mist ($18)
Share Lavender Calming oil ($18)
Touch Lavender body butter ($24)
Love Nourishing cleansing soap ($6)
Cherish Gift Sets bring together the skin care items in various sizes, combinations and different keepsake packaging to the mom and baby gift market.
The entire line will be displayed in the original artistry of Mary Blair’s original mid-century artwork created for the attraction. This imaginary artwork of "It’s A Small World" lends itself to the box landscape with scenes relayed product by product.
Basq products are paraben-free, phthalate-free and not tested on animals.