Alltech to acquire Ridley

Alltech to acquire Ridley

Alltech-Ridley combination to be global leader in animal health and nutrition, with annual revenues in excess of $1.6b.

ALLTECH and Ridley Inc. announced April 23 that they have entered into an arrangement agreement under which Alltech will acquire 100% of the outstanding stock of Ridley, one of the leading commercial animal nutrition companies in North America, for $40.75 (Canadian) per share.

The total consideration payable to Ridley shareholders is approximately $521 million (Canadian), the announcement said.

The share price represents a

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