WHOLE EARTH BRANDS TO BE TAKEN PRIVATE

15 February 2024

On February 13th, 2024 Whole Earth Brands, Inc. (NASDAQ: FREE, “Company”), a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, confirmed that the Company entered into a definitive agreement pursuant to which Ozark Holdings, LLC (which, going forward, intends to do business as Sweet Oak Parent) (“Sweet Oak”), an affiliate of Sababa Holdings FREE, LLC, will acquire all of the outstanding shares of the Company’s common stock that it does not already own in an all-cash transaction for $4.875 per share.

Sweet Oak is a Delaware limited liability company that is controlled by Sir Martin E. Franklin and owns Royal Oak Enterprises, LLC (“Royal Oak”). Sir Martin is also the controlling member of Sababa.

Whole Earth Brands Signs Definitive Agreement to be Acquired by Affiliates of Sababa Holdings FREE, LLC


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