April 11, 2017 / 11:41 AM / 7 months ago

Atkins Nutritional to merge with blank-check firm Conyers Park

April 11 (Reuters) - Weight-control nutrition company Atkins Nutritional Holdings agreed on Tuesday to go public through a merger with blank-check company Conyers Park Acquisition Corp in a deal valuing the combined company at about $856 million.

Atkins, owned by private equity firm Roark Capital Management LLC, and Conyers will combine under a holding company called Simply Good Foods Co.

Atkins, best known for its high-protein eponymous diet, has now shifted to make protein bars, shakes and frozen meals.

The selling equity owners of Atkins will get $730.1 million, which includes 10.3 million shares of Simply Good Foods common stock valued at $10.00 per share. (Reporting by Anya George Tharakan in Bengaluru; Editing by Maju Samuel)

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