GFM Network News

U.S. animal feed giant to snap up Ridley

Canadian/U.S. livestock feed firm Ridley Inc. is set to become part of animal nutrition giant Alltech’s total mixed ration. Lexington, Ky.-based Alltech on Thursday announced a friendly cash deal to buy all outstanding Ridley shares at $40.75 each, for a total payout to Ridley shareholders of about $521 million. Ridley’s TSX-traded shares closed Wednesday at […] Read more