Jenny Craig Founders Withdraw Offer

Jenny Craig Inc., which operates 550 weight-loss centers, said founders Sid and Jenny Craig withdrew their offer to buy the company’s shares they don’t already own for about $25.6 million. Sid and Jenny Craig’s Craig Enterprises cited a decline in sales and pretax income from Jenny Craig Inc.’s Australian operations in withdrawing the $3.75-a-share offer it made two months ago. Craig Enterprises is considering making a new proposal based on Jenny Craig’s changed financial circumstances, La Jolla-based Jenny Craig said. Jenny Craig shares closed unchanged at $2.94 on the NYSE, before the announcement was made.