TCAR & HAIN Teaming up to Take Care of Babies
Shares of TenderCare International Inc. (OTCBB: TCAR) jumped up today after news about its acquisition by The Hain Celestial Group Inc. (Nasdaq: HAIN) surfaced. In early trading today, TCAR was up 3 cents (6 percent) to 44 cents per share. HAIN slipped down 21 cents (1 percent) to $27.20 per share in early trading today. TCAR announced the signing of a letter of intent to sell all of the outstanding shares of stock to HAIN for 45 cents per share in cash. As of December 31, 2006, there were 7,454,582 shares of TCAR common stock outstanding. The total value for…