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An announcement from Ceres Global ( (TSE:CRP) ) is now available.
Bartlett Grain Company, part of the Savage family of companies, has completed the acquisition of Ceres Global Ag Corp. for US$4.50 per share, totaling approximately US$140 million. This transaction, approved by Ceres shareholders, will result in the delisting of Ceres shares from the Toronto Stock Exchange and the company ceasing to be a reporting issuer in Canada, marking a significant shift in its market presence and operational structure.
Spark’s Take on TSE:CRP Stock
According to Spark, TipRanks’ AI Analyst, TSE:CRP is a Neutral.
Ceres Global’s overall score reflects a stable financial performance and positive corporate developments, particularly the Bartlett Grain acquisition, which are offset by valuation concerns and technical indicators suggesting overbought conditions.
To see Spark’s full report on TSE:CRP stock, click here.
More about Ceres Global
Ceres Global Ag Corp. operates in the agricultural industry, focusing on the efficient sourcing, storing, transporting, and marketing of high-quality agricultural commodities, value-added products, and raw materials. With a network of commodity logistics centers, Ceres connects farmers to global customers and operates facilities across Saskatchewan, Manitoba, and Minnesota with significant grain and oilseed storage capacity.
Average Trading Volume: 54,501
Technical Sentiment Signal: Buy
Current Market Cap: C$189.1M
For detailed information about CRP stock, go to TipRanks’ Stock Analysis page.