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

:

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

IN

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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