Whole Earth Brands receives non-binding proposal from Sababa at $4 per share

Whole Earth Brands confirmed the receipt of a non-binding proposal from Sababa Holdings FREE or Sababa to acquire all of the outstanding shares of the Company’s common stock that it does not already own for $4.00 per share, payable in cash. In response to the Sababa Proposal, the Company’s board of directors formed a special committee of the Board to review and evaluate the Sababa Proposal and any alternative proposals or other strategic alternatives that may be available to the Company, including maintaining the status quo as a standalone publicly-traded company. There can be no assurance that any definitive agreement will result from the Sababa Proposal or that any transaction will be consummated with Sababa or any other third party. The Company and the Special Committee do not intend to comment further about the Sababa Proposal unless and until they deem further disclosure is appropriate.