Brief: Oil-Dri To Acquire Ultra Pet In Strategic Move To Compete In Rapidly Growing Crystal Cat Litter Market

Oil-Dri of America

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;))