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Tri-county tech firms poised for investment

By   /  Friday, January 6th, 2017  /  Latest news, Technology  /  Comments Off on Tri-county tech firms poised for investment

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Land O’Lakes completes Ceres acquisition

By   /  Monday, August 1st, 2016  /  Agribusiness, Latest news, Technology  /  Comments Off on Land O’Lakes completes Ceres acquisition

Minneapolis-based Land O’Lakes completed its acquisition of Thousand Oaks-based ag-biotech company Ceres on Aug. 1. On June 17, Land O’Lakes, an ag and food conglomerate that had $13 billion in sales in 2015, announced it would buy Ceres for $17.2 million. For about two decades, Ceres had been devoted to developing biofuels using crops like Read More →

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Ceres third-quarter revenue up, losses down

By   /  Friday, July 15th, 2016  /  Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Ceres third-quarter revenue up, losses down

Thousand Oaks-based ag-biotech company Ceres Inc. released third quarter results in documents filed with the Securities and Exchange Commission July 15. Ceres said revenues increased from $1.1 million during the third quarter of 2015 to $1.4 million during the third quarter of 2016. Net losses decreased from $5.9 million, or 98 cents per share, last Read More →

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Ceres faces lawsuit over sale to Land ‘O Lakes

By   /  Thursday, July 7th, 2016  /  Agribusiness, Energy, Latest news  /  Comments Off on Ceres faces lawsuit over sale to Land ‘O Lakes

Thousand Oaks-based ag-biotech company Ceres Inc. is facing a lawsuit from shareholders angry about the company’s June 17 sale to Minneapolis-based Land ‘O Lakes. In the lawsuit, which was filed in state court in Los Angeles on July 5, three shareholders allege the company unfairly sold the company to Land ‘O Lakes for $17.6 million. Read More →

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Land O’Lakes buying Thousand Oaks-based Ceres for $17.2 million

By   /  Friday, June 17th, 2016  /  East Ventura County, Latest news, Tri-County Public Companies  /  Comments Off on Land O’Lakes buying Thousand Oaks-based Ceres for $17.2 million

Land O’Lakes is buying Thousand Oaks-based Ceres for $17.2 million, the companies announced June 17. Under the terms of the agreement, Minneapolis-based Land O’Lakes will buy all outstanding shares of Ceres common stock for 40 cents per share, in cash. The price per share of common stock represents an 81 percent premium to the closing Read More →

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Investing money in Ceres requires act of blind faith

By   /  Friday, May 6th, 2016  /  Columns, Latest news, Technology  /  Comments Off on Investing money in Ceres requires act of blind faith

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Ceres decreases second quarter losses

By   /  Thursday, April 14th, 2016  /  Agribusiness, Latest news, Technology  /  Comments Off on Ceres decreases second quarter losses

Ceres Inc. narrowed its losses but revenues were still low during the second quarter. The Thousand Oaks-based ag-biotech company said net losses decreased from $8.01 million in the second quarter of 2015 to $1 million in the second quarter of 2016, the company reported April 14. Losses also fell from $1.34 per share last year Read More →

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