Usana rejects CEO's revised offer

By Lisa Kerner

Charlotte, N.C., July 3 - Usana Health Sciences, Inc.'s special committee urged its shareholders not to tender their shares in the revised offer from Unity Acquisition Corp., which the committee said is inadequate.

The amendment increases the per-share offer price to $28 from $26, according to a Usana news release.

Gull Holdings, Ltd., through Unity, began a tender offer for Usana's outstanding stock on June 2.

Usana chairman and chief executive officer Myron Wentz controls Gull Holdings.

It was previously reported that Gull Holdings has a 68% stake in Usana.

Usana is a nutritional and personal care products company located in Salt Lake City.

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