WW International, Inc. Announces that Artal Group S.A. Has Sold Its Remaining Stake of WW Common Stock
10 Maio 2023 - 11:03PM
WW International, Inc. (NASDAQ: WW) (“WeightWatchers,” “WW,”
or the “Company”) today announced its former controlling
shareholder Artal Group S.A. (“Artal”) has sold its remaining
minority stake in the Company in a Rule 144 block trade. Artal
purchased the Company in 1999 from Heinz and maintained a
controlling interest from its initial public offering in 2001
through 2018.
“WeightWatchers is a remarkable company with a rich history
touching the lives of millions of people around the world,” said
Ray Debbane, CEO of Artal and Chairman of the Board of WW from 1999
until May 8, 2023. “We have been privileged to have overseen and
participated in the Company’s development over the past 24 years,
which is one of the longest holdings in our 38 year history. The
new Chairman Thilo Semmelbauer, CEO Sima Sistani and the rest of
the WeightWatchers leadership team have my full confidence as they
evolve the business. I am excited to see what the next chapter
brings.”
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About WW International, Inc.WeightWatchers is a
human-centric technology company powered by our proven,
science-based, clinically effective weight loss and weight
management program. For six decades, we have inspired millions of
people to adopt healthy habits for real life. We combine technology
and community to help members reach and sustain their goals on our
program. To learn more about the WeightWatchers approach to healthy
living, please visit ww.com. For more information about our global
business, visit our corporate website at corporate.ww.com.
About Artal and InvusArtal, with its exclusive
investment advisor Invus, is a global equity investment firm with
an evergreen capital structure, operating out of offices in the
U.S., Europe and Asia. Since its founding in 1985, Invus has
focused on empowering entrepreneurs and entrepreneurial teams to
transform their industries across both public and private equity
investments.
For more information, contact:Investors:Corey
Kingercorey.kinger@ww.com
Media:Kelsey Merkelkelsey.merkel@ww.com
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