Key Developments For Cal-Maine Foods, Inc.
Cal-Maine Foods, Inc. (CALM.O) (Nasdaq)
Cal-Maine Foods, Inc. Announces Dividend
Cal-Maine Foods, Inc. announced that it will pay a cash dividend of approximately $0.432 per share to holders of its common and Class A common stock. The amount paid could vary slightly based on the amount of outstanding shares on the record date. The dividend is payable May 14, 2009, to shareholders of record on April 29, 2009.
Cal-Maine Foods, Inc. To Pay Cash Dividend
Cal-Maine Foods, Inc. announced that it will pay a cash dividend of approximately $0.382 per share to holders of its common and Class A common stock. The amount paid could vary slightly based on the amount of outstanding shares on the record date. The dividend is payable February 12, 2009, to shareholders of record on January 28, 2009.
Cal-Maine Foods, Inc. Closes Tampa Farm Service, Inc. Acquisition
Cal-Maine Foods, Inc. announced that it has closed the previously announced acquisition of the egg production and marketing assets of Tampa Farm Service, Inc., located in Dover, Florida.
Cal-Maine Foods, Inc. Announces Agreement To Acquire Tampa Farm Service, Inc.
Cal-Maine Foods, Inc. announced that it has reached an agreement to acquire the egg production and marketing assets of Tampa Farm Service, Inc. The assets to be purchased by Cal-Maine include approximately four million laying hens in modern, in-line facilities, pullet growing facilities, two feed mills and a fleet of delivery trucks for both eggs and feed. In addition, the Company will acquire the 4-Grain brand of specialty eggs, certain flocks of contract laying hens, and Tampa Farm Service’s interest in American Egg Products, Inc. Stephens, Inc. acted as financial advisor to Tampa Farm Service on the transaction. The Company expects to close the transaction in early December 2008.
Cal-Maine Foods, Inc. Announces Suit Filed Over Egg Prices-DJ
Dow Jones reported that Cal-Maine Foods, Inc. said a class action complaint was filed against the Company over an alleged conspiracy to artificially inflate the price of eggs. The suit was filed by T.K. Ribbing's Family Restaurant, Falconer, N.Y., and names 16 defendants, including other egg producers and egg industry companies, according to a filing with the Securities and Exchange Commission. The plaintiff, which is seeking class-action certification, alleged that Cal-Maine conspired to reduce the supply of eggs and egg products, driving up prices.
