Women's Health Weekly
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Business Update
International weight-loss company acquires control of WeightWatchers.com
August 11th, 2005
Weight Watchers International, Inc. (WTW) announced that it has acquired control over WeightWatchers.com, Inc. Pursuant to a merger agreement announced on June 13, 2005, on July 1, 2005, Weight Watchers International exercised its existing warrants to purchase WeightWatchers.com, Inc. stock and effective July 2, 2005, acquired all of the remaining equity interest in WeightWatchers.com not owned by Artal Luxembourg S.A. This gives Weight Watchers International a total ownership of approximately 53% of WeightWatchers.com and operational control. On December 30, 2005, pursuant to a redemption agreement, WeightWatchers.com is scheduled to redeem, at the...
Source: Women's Health Weekly (2005-08-11)
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