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Cattle Firm Places Bid for PIC

Genus, the biggest cattle-breeding firm in the United Kingdom, has made an offer to purchase Sygen International, the swine genetics company that owns PIC, for about $333 million. PIC officials stress that shareholders for both companies have to accept the offer before the acquisition becomes final. Those meetings are scheduled to take place sometime in November. Genus officials want to enhance meat

Genus, the biggest cattle-breeding firm in the United Kingdom, has made an offer to purchase Sygen International, the swine genetics company that owns PIC, for about $333 million.

PIC officials stress that shareholders for both companies have to accept the offer before the acquisition becomes final. Those meetings are scheduled to take place sometime in November.

Genus officials want to enhance meat quality and boost efficiency across all species, as the company seeks to diversify beyond sales of frozen beef and dairy semen.

TAGS: Reproduction