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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 →
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 →