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Omega Protein succumbs to US$22 a share offer from Cooke Inc

It's an agreed bid at a substantial premium to the prevailing Omega share price
Cholesterol
Omega Protein Corporation is a century old nutritional product company

Nutritional product company Omega Protein Corporation (NYSE:OME) is to be gobbled up by Cooke Inc, parent company of Cooke Aquaculture.

Shares in Omega shot up US$5.625 to US$22.225, a shade above the US$$22 (cash) per share that Cooke is offering.

The acquisition has been backed by the board of Omega.

“Cooke is a family-owned company and in many ways, reminds us a lot of ourselves and this agreement is the perfect fit for the two companies," declared Bret Scholtes, president and chief executive officer of Omega Protein.

“Cooke is a highly-regarded and responsible leader in the global fishing and seafood industry," he added.

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