December 11, 2002 |
Jenny Craig Inc., which provides weight loss counseling and low-fat food, settled a lawsuit filed by shareholders who said the stock was undervalued in a $115-million buyout. The firm said in January that it would be bought by investors including co-founders Sid and Jenny Craig, a Deutsche Bank affiliate and ACI Capital Co. for $5.30 a share. Shareholders filed three suits in Delaware Chancery Court.
May 14, 2002 |
Jenny Craig Inc. said its shareholders approved the company's $115-million buyout by an investor group led by ACI Capital Co. The La Jolla-based provider of weight-loss counseling said the transaction is expected to close today. The $5.30-a-share cash deal had been challenged by shareholders who alleged the offer undervalues the stock. Jenny Craig shares closed up 2cents at $5.27 in over-the-counter trading before the news was released.
January 29, 2002 |
A slimmed-down Jenny Craig Inc. agreed Monday to sell itself to a private investment group for $115 million, or $5.30 a share. The price offered by the buyout group, led by New York-based ACI Capital Co., represents a 68% premium over Friday's closing price of $3.15. Sid and Jenny Craig, the husband and wife team who founded the company and control 67% of its shares, will receive $73 million as a result of the transaction.
May 15, 2001 |
Starving for profits, Jenny Craig Inc. said Monday that it has retained an investment banker to arrange a merger or sale of the nation's second-largest weight-loss company. Craig, which is still controlled by founders Jenny and Sid Craig, hired Koffler & Co. of Los Angeles to test the interest of health, fitness and food companies, businesses where there might be a natural fit with the diet chain's 650 centers. Shares of the La Jolla-based company rose 21 cents, or 15%, to close at $1.
August 12, 2000 |
Jenny Craig Inc., which operates 550 weight-loss centers, said founders Sid and Jenny Craig withdrew their offer to buy the company's shares they don't already own for about $25.6 million. Sid and Jenny Craig's Craig Enterprises cited a decline in sales and pretax income from Jenny Craig Inc.'s Australian operations in withdrawing the $3.75-a-share offer it made two months ago.
July 16, 2000
As a former Jenny Craig center manager for 10 years, your article was right on the money ("Heavy Days at Jenny Craig," by Fred Dickey, June 11). When Jenny Craig Inc. went public, the focus changed from helping customers and giving them the best to concerns such as stock values, shareholders and money. Many employees left the company that we loved and a job we loved doing--helping people help themselves. Marcia Smith Via the Internet
June 11, 2000 |
Americans know how to lose weight and keep it off. Anyone who has ever frowned at a full-length mirror knows the formula: exercise, eat modest amounts of nutritious food and make the sign of the cross whenever tempted by a box of See's candy. Unfortunately, for most of us, knowing how to lose weight is like knowing how to be rich. It's the getting there that's hard. Instead of losing weight, we're locked into a never-ending series of try and fail, then try again and fail again.
June 6, 2000 |
Major shareholders in Jenny Craig and Jerry's Famous Deli said separately Monday that they want to take their companies private, joining a growing list of investors who are seeking shelter from volatile stock market that has bashed shares in recent months. Shares of Jenny Craig rose nearly 80% on Monday after Chief Executive Sidney Craig and his wife, Jenny, the company's vice-chairwoman, said they would offer to buy the outstanding public stake for $25.6 million.
January 10, 2000
Re "What a Tripp" (Jan. 7): Have we all gone crazy? Linda Tripp asks for contributions to her legal defense from the public, people she states are "just like me," and then has thousands of dollars' worth of cosmetic surgery so she can look good for her trial. Monica Lewinsky, who almost brought down the presidency with well-publicized sexual activities, lands a contract as a spokeswoman for a company in the business of improving image. At least some of us are still sane. Congratulations to David Lahey, the Jenny Craig franchisee who has shown excellent judgment in opting not to run the Monica Lewinsky commercial.
January 8, 2000
Howard Rosenberg's column on Monica Lewinsky's emergence as a spokesperson for Jenny Craig is (as usual for him) mainly on target ("Lewinsky: Return of a Dubious Celebrity," Dec. 31). However, he mixes apples and oranges when he includes sportscaster Marv Albert and political consultant Dick Morris on a list of celebrities who've capitalized on their notoriety to launch media careers. The fact is, unlike Watergate burglar turned radio talk-show host G. Gordon Liddy and basketball star turned who-knows-what Dennis Rodman (both of whom Rosenberg also cites)