Friday, March 1, 2024
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Cooke Inc. acquires Omega Protein Inc.

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.

Read the rest of this story in this week’s Rappahannock Record at newsstands throughout the area, or sign up HERE to receive the print edition by mail and/or the e-Edition on your computer, tablet and smart phone.

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