Financing Offered For NBTY Bid To Compete With Carlyle-NY Post

20th Jul 2010 13:32

DOW JONES NEWSWIRES Wall Street lenders are willing to fund a bid to compete with Carlyle Group's $3.5 billion offer for NBTY Inc. (NTY), although whether bidders are still interested in the vitamin and nutritional-supplement maker is in question, the New York Post reported Tuesday on its website, citing a person familiar with the situation. It is not clear whether Blackstone Group LP (BX), which previously considered a bid, remains interested in an NBTY bid, and TPG Capital LP, another earlier suitor, appears to have dropped out, the newspaper reported, citing a person close to the situation. Chances of a competing offer emerging are about even, the person added. NBTY is allowed to encourage competing offers until Aug. 18. Bank of America Corp. (BAC), Barclays PLC (BARC.LN) and Credit Suisse Group (CS) are financing the Carlyle bid. Full story at: http: www.nypost.com/p/news/business/nbty_may_get_higher_bid_GxPmkZ7lxLLCMJhM1EXRxI -Dow Jones Newswires; 212-416-2900 (END) Dow Jones Newswires July 20, 2010 08:32 ET (12:32 GMT)