financetom
Business
financetom
/
Business
/
Cal-Maine Foods Acquires Egg Production Assets of ISE America
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Cal-Maine Foods Acquires Egg Production Assets of ISE America
Jul 1, 2024 3:40 AM

06:02 AM EDT, 07/01/2024 (MT Newswires) -- Cal-Maine Foods ( CALM ) said late Friday it had completed the acquisition of substantially all the assets of ISE America and certain affiliates for about $110 million.

The company said it acquired ISE assets, including facilities with about 4.7 million laying hens, including 1 million cage-free and 1.2 million pullets.

The acquisition also includes feed mills, 4,000 acres of land, inventories, egg products breaking facility, and a distribution network across the Northeast and Mid-Atlantic, with operations in Maryland, New Jersey, Delaware, and South Carolina.

Cal-Maine Foods ( CALM ) is funding the acquisition with available cash.

Price: 61.77, Change: +0.66, Percent Change: +1.08

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
UnitedHealth takes $872 mln hit to profit from Change Healthcare hack
UnitedHealth takes $872 mln hit to profit from Change Healthcare hack
Apr 16, 2024
April 16 (Reuters) - UnitedHealth Group ( UNH ) took a hit of $872 million to first-quarter profit from disruptions caused by the February cyberattack at its Change Healthcare unit. The disruptions are expected to impact profit by as much as $1.35 per share this year, the company said in a statement. This is the healthcare conglomerate's first public comment...
Donald Trump's media firm to roll out streaming platform in phases
Donald Trump's media firm to roll out streaming platform in phases
Apr 16, 2024
April 16 (Reuters) - Trump Media & Technology Group ( DJT ) said on Tuesday it would roll out a live TV streaming platform in phases. (Reporting by Jaspreet Singh in Bengaluru;Editing by Arun Koyyur) ...
UnitedHealth takes $872 million hit to profit from Change Healthcare hack
UnitedHealth takes $872 million hit to profit from Change Healthcare hack
Apr 16, 2024
(Reuters) - UnitedHealth Group ( UNH ) took a hit of $872 million to first-quarter profit from disruptions caused by the February cyberattack at its Change Healthcare unit. The disruptions are expected to impact profit by as much as $1.35 per share this year, the company said in a statement. This is the healthcare conglomerate's first public comment on the...
Update: Wintrust Financial to Buy Macatawa in All-Stock Deal -- Macatawa Shares Surge Premarket
Update: Wintrust Financial to Buy Macatawa in All-Stock Deal -- Macatawa Shares Surge Premarket
Apr 16, 2024
05:35 AM EDT, 04/16/2024 (MT Newswires) -- (Updates with the stock move in the headline and the second paragraph.) Wintrust Financial ( WTFC ) and Macatawa Bank Corp. ( MCBC ) said late Monday they have struck a merger agreement for Wintrust to buy Macatawa in an all-stock deal. Shares of Macatawa surged more than 38% in premarket activity Tuesday....
Copyright 2023-2026 - www.financetom.com All Rights Reserved