Neogen Announces Sale of Cleaners & Disinfectants Business [Yahoo! Finance]
Neogen Corporation (NEOG)
Last neogen corporation earnings: 3/24 08:45 am
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neogen.com/en/investor-information
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Source: Yahoo! Finance
it has entered into a definitive agreement to sell its global cleaners and disinfectants business to Kersia Group ("Kersia"), a global leader in biosecurity, disinfection and hygiene solutions, for $130 million in cash at closing plus contingent consideration tied to the future performance of the business. The transaction is expected to be accretive to margins and close in the first quarter of the Company's 2026 fiscal year, subject to regulatory approval and customary closing conditions. The net proceeds will be used to fully repay the $100 million drawn on the Company's revolving credit facility in the recent term loan refinancing, with the divestiture expected to reduce the Company's net leverage ratio by approximately 0.4x on a pro forma basis. "The sale of our cleaners and disinfectants business further focuses Neogen on food safety diagnostics and continuing to build on our leadership position in what we believe is an attractive end market with long-term tailwinds," said John
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NEOG
News
- Neogen Announces Second-Quarter Earnings Release Date [Yahoo! Finance]Yahoo! Finance
- Neogen Announces Second-Quarter Earnings Release DateBusiness Wire
- Neogen® To Participate in Upcoming Investor Conferences [Yahoo! Finance]Yahoo! Finance
- Neogen® To Participate in Upcoming Investor ConferencesBusiness Wire
- Investors who lost money with shares of Neogen Corporation (NASDAQ: NEOG) should contact the Shareholders Foundation in connection with LawsuitPR Newswire
NEOG
Earnings
- 10/9/25 - Beat
NEOG
Sec Filings
- 12/4/25 - Form SCHEDULE
- 12/2/25 - Form 4
- 11/13/25 - Form SCHEDULE
- NEOG's page on the SEC website