BRIEF-Oil-Dri To Acquire Ultra Pet In Strategic Move To Compete In Rapidly Growing Crystal Cat Litter Market-February 2024-www.financetom.com

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

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

Apr 16, 2024 2:19 PM

April 16 (Reuters) - Oil-Dri Corporation of America ( ODC )

* OIL-DRI TO ACQUIRE ULTRA PET IN STRATEGIC MOVE TO COMPETE

RAPIDLY GROWING CRYSTAL CAT LITTER MARKET

* OIL-DRI CORPORATION OF AMERICA ( ODC ) - UNDER TERMS OF AGREEMENT,

OIL-DRI WILL ACQUIRE ULTRA PET FOR $46 MILLION IN CASH.

* OIL-DRI CORPORATION OF AMERICA ( ODC ): EXPECTS THIS TRANSACTION

TO BE

IMMEDIATELY ACCRETIVE TO EARNINGS FOLLOWING COMPLETION OF

TRANSACTION

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