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Food & Beverage M&A image Food & Beverage M&A » By The Online Investor Staff, updated Sat., Feb. 27, 1:17 AM Recent mergers and acquisitions in the Food & Beverage M&A category.

Slide #16. Cal-Maine Foods, Inc. Remaining Interests in Delta Egg Farm, LLC

Acquirer: Cal-Maine Foods, Inc. (NASDAQ:CALM)
Acquiree: Remaining Interests in Delta Egg Farm, LLC
Details: Cal-Maine Foods, Inc. (NASDAQ:CALM) today announced that it has reached an agreement to acquire 50 percent of the membership interests of Delta Egg Farm, LLC from Sunbest Foods of Iowa, Inc., a Moark, LLC affiliate. The Company currently owns the remaining 50 percent of Delta Egg Farm, LLC, so the entity will become a wholly owned subsidiary of the Company. Pursuant to this agreement, Cal-Maine Foods will purchase the membership interests for a total of $17.0 million. Delta Egg Farm, LLC owns and operates a feed mill and egg production complex with capacity for approximately 1.2 million laying hens, located near Delta, Utah, and an organic egg production complex with capacity for approximately 400,000 laying hens located near Chase, Kansas. The Company expects to close the transaction effective March 1, 2014.

Cal-Maine Foods is engaged in the production, grading, packaging, marketing and distribution of shell eggs. Co. sells most of its shell eggs in the southwestern, south-eastern, mid-western and mid-Atlantic regions of the United States. Co.'s operations consist of hatching chicks, growing and maintaining flocks of pullets, layers, and breeders, manufacturing feed, and producing, processing, packaging, and distributing shell eggs. Co. markets organic, vegetarian, and omega-3 eggs under its 4-Grain® brand, which consists of both caged and cage-free eggs. Co. also produces, markets, and distributes private label specialty shell eggs to several customers.

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Company Name: 
Cal-Maine Foods Inc
Food & Beverage
Number of ETFs Holding CALM: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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Strong Buy (4.00 out of 4)
96th percentile
(ranked higher than approx. 96% of all stocks covered)

Analysts' Target Price:
CALM Stock Forecast

Based on Zacks ABR data;
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Food & Beverage M&A - Slide 16 of 100 Page |

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