logo
Share SHARE
FONT-SIZE Plus   Neg

Cooke Inc. Agrees To Acquire Omega Protein For $22/Shr

Omega Protein Corp. (OME), a nutritional product company and an integrated provider of specialty oils and specialty protein products, agreed to be acquired by Cooke Inc., a New Brunswick company and parent of Cooke Aquaculture Inc., for $22.00 per share in cash.

The transaction, valued at $500 million, price represents a premium of 32.5% to Omega Protein's closing share price on October 5, 2017. The board of directors of both the companies have unanimously approved the transaction.

The transaction is expected to close near the end of 2017 or early in 2018 and is subject to the approval of Omega Protein stockholders, certain regulatory approvals and other customary closing conditions.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

comments powered by Disqus
Follow RTT