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Stock impact report

Cal-Maine Foods, Inc. Acquires Remaining Interest in Red River Valley Egg Farm, LLC

Cal-Maine Foods, Inc. (CALM) 
Last cal-maine foods, inc. earnings: 1/5 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: calmainefoods.com/investors
Company Research Source: Business Wire
JACKSON, Miss.--(BUSINESS WIRE)--Cal-Maine Foods, Inc. (NASDAQ: CALM) today announced that the Company has reached a definitive agreement to purchase the remaining 50 percent membership interest in Red River Valley Egg Farm, LLC from Rose Acre Farms, Inc. The entity will become a wholly owned subsidiary of the Company. The purchase price is $48.5 million for the balance of the joint venture’s membership interests. Red River Valley Egg Farm, LLC owns and operates a specialty shell egg production complex with approximately 1.7 million laying hens, pullet capacity, feed mill, processing plant, related offices and outbuildings and related equipment located on approximately 400 acres near Bogata, Texas. The Company expects to close the transaction by the end of the month, subject to customary closing conditions.Commenting on the announcement, Dolph Baker, chairman and chief executive officer of Cal-Maine Foods, Inc., stated, “We have enjoyed a good working relationship with Rose Acre F Show less Read more
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