Advantage Life Products: A group of investors...
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Advantage Life Products: A group of investors has called off talks that would have led to its purchase of 3 million shares of the Irvine marketer of health and beauty products.
“It just didn’t come together. The timing just wasn’t right for them. Some of these things never gel,” said Dr. Carl Bozzo of Irvine, who was leading the investment group.
The tentative agreement had called for the investment group to buy the stock, which represents a 22% ownership stake in the company. In return, the group could install Bozzo as Advantage Life’s chairman. He then would have been allowed to nominate two other directors to the company’s board.
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