Alltech acquires Ridley Inc.

Alltech and Ridley Inc. have entered into a plan of arrangement agreement under which Alltech will acquire 100% of the outstanding stock of Ridley, for CAD $40.75 per share. The total consideration payable to Ridley shareholders is approximately CAD $521 million. The price of CAD $40.75 per share represents a premium of approximately 23% to the 20-day volume weighted average price of Ridley’s common shares on the TSX as of April 22, 2015. The closing price of the Ridley shares on the TSX