News: Deals: Reports

USANA Health Sciences Inc & Unity Acquisition Corp	Update Date: 07/15/08
Date Announced: 05/13/08
Value (million $USD): 229.9 million U.S. Dollar

Status: Pending

TRANSACTION DETAILS
Date Announced	05/13/08
Date Originally Announced	05/13/08
Format	Merger	Acquisition techniques	Going Private; Tender Offer; Tender/Merger; Financial Acquiror
Attitude	Friendly	Agency	n/a
Value	229.9 million U.S. Dollar	Advisor Fees	USANA Health Sciences Inc agreed to pay McColl Partners LLC an advisory fee of $0.1 mil and an opinion fee of $0.2 mil.

SYNOPSIS

US - Unity Acquisition Corp (UA), a special purpose acquisition vehicle formed by Gull Holdings Ltd, planned to launch a tender offer to acquire 8.212 mil common shares, or the remaining 50.1% interest, which it did not already own, in USANA Health Sciences Inc (UH), a manufacturer and wholesaler of nutritional products, for a sweetened $28 in cash per share, or a total value of $229.947 mil. The offer was conditioned upon at least a majority of UH's shares being tendered. Originally, UA offered $26 in cash per UH common share.

TARGET
Name	USANA Health Sciences Inc (USNA)
Industries	Pharmaceutical preparations; In vitro and in vivo diagnostic substances; Biological products, except diagnostic substances; Drugs, drug proprietaries, and druggists' sundries
City	Salt Lake City
State	UT
Nation	United States
Incorporated in	n/a
Public Status	Public
Business Description	USANA Health Sciences Inc, located in Salt Lake City, Utah, manufactures and wholesales high-quality nutritional, personal care, and weight management products distributed internationally through network marketing.
Advisors	McColl Partners LLC
Target Sales	422.2 million U.S. Dollar

ACQUIROR
Name	Unity Acquisition Corp
Industries	n/a
City	n/a
State	UT
Nation	United States
Incorporated in	n/a
Public Status	Subsidiary
Business Description	Unity Acquisition Corp is a special purpose acquisition vehicle formed by Gull Holdings Ltd for the purpose of acquiring USANA Health Sciences Inc.
Advisors	NULL
Acquiror Sales	n/a

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