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Testing Firm Neogen Offloads Cleaners Division To Kersia In $130 Million Deal

Summary

Neogen Corporation (NASDAQ: NEOG) stock rose after announcing the $130 million sale of its global cleaners and disinfectants business to Kersia Group. The divestiture allows Neogen to focus on core food safety diagnostics while reducing debt and improving margins.

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Article published on April 21, 2025 by benzinga