Vitamin and supplements e-tailer MotherNature.com
announced that its board of directors has voted to liquidate and dissolve the company. A shareholders meeting will take place Nov. 30 to approve liquidation plans. MotherNature said it expects the company to be valued at $15.8 million, or $1 per share. The company said it plans to sell certain assets, including intellectual property and other tangible and intangible assets. Internet holding company Sitestar in October withdrew an offer to buy MotherNature. The e-tailer's stock closed today at 62 cents. MotherNature in Aug. 1999 launched what it said would be a $17 million campaign from Ogilvy & Mather Worldwide, New York.
Copyright November 2000, Crain Communications Inc.