Home / Business and Economy / Truelink Nears $1B Deal for Lyons Magnus
Truelink Nears $1B Deal for Lyons Magnus
20 Jul
Summary
- Truelink Capital is close to acquiring Lyons Magnus.
- The deal values the fruit-based maker at around $1 billion.
- An announcement could be made as soon as Monday.
Truelink Capital is reportedly on the verge of acquiring Lyons Magnus, a prominent manufacturer of fruit-based ingredients and beverages. Discussions between the two entities are said to be in the final stages, with a deal valuation around $1 billion, encompassing existing debt. This significant valuation underscores the market interest in Lyons Magnus's specialized products.
Sources close to the negotiations indicate that an official announcement might be made as early as Monday. However, the timeline is contingent on the successful resolution of any remaining details and the absence of last-minute obstacles. The potential acquisition by Truelink Capital represents a notable event in the sector.
