HEALTH CARE
From Times Staff and Wire Reports
P. Leiner Seeks Deal With Majority Owner: Torrance-based P. Leiner Nutritional Products said it will approach its majority owner, the British firm Booker, about buying its 60% stake in P. Leiner. But P. Leiner also said it decided against exercising its right to buy back Booker’s stock at a set price of $13.425 a share, saying that would burden the company with too much debt. The moves were prompted by Booker’s announcement a month ago that it intends to dispose of its 60% holding. P. Leiner, a publicly held company with annual sales of $140 million, makes vitamins and other health and beauty products.
