Ceres Inc. (CERE) Is Up After Bought By Land O' Lakes

Ceres Inc. (CERE) announced Friday morning that it has agreed to be acquired by Land O' Lakes Inc. for $0.40 per share in cash, or approximately $17.2 million.

Ceres has gapped open higher this morning and is now up 0.16 at $0.38. The stock has jumped to nearly a 4-month high.

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