LEXINGTON, Ky. and MANKATO, Minn. — Alltech and Ridley Inc. have entered into an agreement under which Alltech will acquire 100 percent of the outstanding stock of Ridley, one of the leading commercial animal nutrition companies in North America, for $40.75 (Canadian dollar - CAD) per share. The total payable to Ridley shareholders is approximately CAD $521 million.
The price of $40.75 per share represents a premium of approximately 23 percent to the 20-day volume weighted average price of Ridley's common shares on the Toronto Stock Exchange (TSX) as of April 22, 2015. The closing price of the. . .
Register or Login to keep reading
Thank you for your interest in accessing the complete content. To continue reading, please register for free. By registering, you'll gain full access to our valuable resources, updates, and insights.
If you already have an account please Log In.
