TPM going global, page-44

All about the timing..

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Ridley Inc. Announces Agreement to be Acquired by Alltech ​

MANKATO, MINNESOTA -- (Marketwired – April 23, 2015) - Ridley Inc. (TSX: RCL) and a subsidiary of Alltech, Inc. ("Alltech") announced today that they have entered into a definitive agreement that provides for the acquisition of Ridley by Alltech 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 on April 22, 2015 was CAD $33.94.
"This transformative transaction that combines two industry leaders allows Alltech to deliver better performance and value to livestock and poultry producers across the globe," said Dr. Pearse Lyons, founder and president of Alltech. "With Ridley’s leading animal nutrition supplements and block products, extensive livestock and poultry producer distribution network and on-farm presence, we will be able to bring our advanced nutrition technology to market faster and more effectively. This combination creates a new model to deliver superior animal nutrition and tailored feeding programs supported by robust scientific research and data analytics. This deal underscores our continued momentum in growing our business through strategic acquisitions of best-in-class companies with trusted technology and brand recognition."
"Joining Ridley with Alltech is about bringing the best nutrition solutions to meat, milk and egg producers around the world," said Steven J. VanRoekel, president and CEO of Ridley. "Alltech is the technological leader with a broad global footprint so by uniting forces we will create a scalable platform to grow and market solutions to enhance the profitability of producers. We are also joining a financially strong company that is committed to investing in science and innovation so that we can deliver the most advanced animal nutrition solutions."
Both companies are industry leaders committed to investing in sustainable nutrition solutions and advanced feeding programs that optimize physical and financial performance on farms, leading to increased efficiency and value. Alltech spends approximately ten percent of its gross revenue on research and development, more than any other company in its industry. Ridley has a strong technical team with over 40 advanced degree staff that has produced some of the industry’s best-selling and most widely-recognized animal nutrition supplements and blocks. Acquisition of Ridley by Alltech will further enhance Alltech’s primacy in nutritional science and allow it to deliver advanced animal nutrition solutions to a broader range of livestock and poultry producers in the U.S. and bring more advanced animal nutrition solutions to countries across the globe. The combined company will have a presence in 128 countries and 4,200 employees worldwide.

IAH are already dealing with Ridley in Aust, and have named Alltech as their American distributor..and now Alltech acquire Ridley Inc...perhaps Alltech will have an expanded role?

..the plot thickens