by Lisa Hinton-Valdrighi
REEDVILLE—The merger of Omega Protein Inc. with Cooke Inc. shouldn’t affect production at the Northumberland County menhaden plant.
“We do not expect any significant changes to our operations in Reedville due to this merger,” said vice president of operations Montgomery Deihl.
According to a press release on Omega Protein’s website, Cooke Inc., a New Brunswick company and parent of Cooke Aquaculture Inc., and Omega Protein Corporation announced on October 10 that Cooke Inc. will acquire all outstanding shares of Omega Protein for $22 per share. The transaction price represents a premium of 32.5% to Omega Protein’s closing share price on October 5. The transaction totals approximately $500 million.
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