Brief: Oil-Dri To Acquire Ultra Pet In Strategic Move To Compete In Rapidly Growing Crystal Cat Litter Market
16/04/2024 22:03
April 16 (Reuters) - Oil-Dri Corporation of America
ODC.N :
* OIL-DRI TO ACQUIRE ULTRA PET IN STRATEGIC MOVE TO COMPETE
IN
RAPIDLY GROWING CRYSTAL CAT LITTER MARKET
* OIL-DRI CORPORATION OF AMERICA - UNDER TERMS OF AGREEMENT,
OIL-DRI WILL ACQUIRE ULTRA PET FOR $46 MILLION IN CASH.
* OIL-DRI CORPORATION OF AMERICA: EXPECTS THIS TRANSACTION
TO BE
IMMEDIATELY ACCRETIVE TO EARNINGS FOLLOWING COMPLETION OF
TRANSACTION
Source text for Eikon: ID:nGNX8xZRKP
Further company coverage: ODC.N
((Reuters.Briefs@thomsonreuters.com;))
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