LIC announces agreement to divest automation business

LIC announces agreement to divest automation business

Livestock Improvement Corporation (NZX: LIC) announces it has entered into an agreement to divest its automation business to MSD Animal Health, a division of Merck & Co., Inc., Kenilworth, N.J., USA (NYSE:MRK) for an amount of NZ$38,100,000 and subject to a working capital adjustment.

See statement attached for more information.

Contact:
Shareholder enquiries: 0800 264 632
Media enquiries: Ashleigh Sattler, [email protected] 0276171942

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Announcement PDF