Gull Holdings Ltd. and Unity Acquisition Corp., two entities related to Usana Chairman and CEO Myron Wentz, said $200 million in financing was in place for the purchase should minority stockholders tender enough of their stock so the group headed by Wentz controls at least 90 percent of the shares. The group now owns about 68 percent.

Gull Holdings and its wholly owned subsidiary, Unity Acquisition Corp., have an agreement with Ableco Finance LLC of New York to finance the deal.

The Wentz group is offering minority stockholders $28 a share. A special committee of the board of directors formed to study the offer has said that the price is too low and recommended it be rejected. The group previously had offered $26 a share but that also was met with a recommendation it be rejected.

The offer will expire on Monday, while the financing commitment will expire on July 18, the companies said in a news release.

-Tom Harvey