Alltech acquires Ridley Incto strengthen global leadership position in commercial animal nutrition

摘要

Alltech and Ridley Inc. announced today that they have entered into a plan of arrangement agreement Sunder which Alltech will acquire 100 percent of the outstanding stock of Ridley, one of the leading commercial animal nutrition companies in North America, for CAD $40.75 per share. The total consideration payable to Ridley shareholders is approximately CAD $521 million.The price of CAD $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 TSX as of April 22, 2015. The closing price of the Ridley shares on the TSX on April 22, 2015was CAD $33.94. The boards of directors of both companies have unanimously approved the merger.