Harbinger Group wants to acquire Central Garden & Pet Company

Harbinger Group, the publicly traded holding company run by the hedge fund manager Philip A. Falcone, offers to acquire all of the US-based pet and garden supplier Central Garden & Pet. The offer which Harbinger Group made in a letter to the board of Central Garden & Pet Company represents an offer to acquire all outstanding shares of the company’s stock at $10 per share in cash or, alternatively, the acquisition of the company’s pet segment for $750 mio in cash.