Jamieson Laboratories $1 billion sale off, say reports

© iStock / pichet_w
© iStock / pichet_w

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The proposed sale of Jamieson Laboratories Ltd has been canceled, according to reports.

Bloomberg, citing “people in the know”,​ reports that the Canadian supplement manufacturer has canceled an auction to sell itself.

The company’s owners  CCMP Capital Advisors are said to be seeking as much as $1 billion, with Chinese companies Shanghai Pharmaceuticals Holding Co. and By-health Co. listed as potential suitors.

No additional information is currently available.  

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