ARDEN HILLS, Minn. and THOUSAND OAKS, Calif. — Land O’ Lakes Inc. and Ceres Inc. have signed a definitive merger agreement under which Land O'Lakes will acquire all of the outstanding capital stock of Ceres in a transaction valued at approximately $17.2 million (including amounts payable to holders of certain warrants to acquire Ceres common stock).
Under the terms of the merger agreement, Land O’Lakes (through its wholly owned subsidiary, Roman Merger Sub, Inc.) will commence a tender offer for all outstanding shares of Ceres common stock for 40 cents per share, in cash. The price per share. . .
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