LANSING, Mich., April 6, 2018 /PRNewswire/ -- Neogen Corporation
(NASDAQ: NEOG) announced today that Executive Chairman James Herbert intends to make a significant gift
of Neogen stock to a charitable organization that he and his wife
have supported for many years.
The company advised that according to Herbert's plan the stock
gift might be as much as 400,000 shares over the coming months.
However, this amount would still represent less than 30% of
Herbert's Neogen stock ownership.
Neogen Corporation develops and markets products dedicated to
food and animal safety. The company's Food Safety Division markets
culture media and diagnostic test kits to detect foodborne
bacteria, natural toxins, food allergens, drug residues, plant
diseases and sanitation concerns. Neogen's Animal Safety Division
is a leader in worldwide biosecurity products, animal genomics
testing, and the manufacturing and distribution of a variety of
animal healthcare products, including diagnostics, pharmaceuticals
and veterinary instruments.
CONTACT:
Steven J. Quinlan
Neogen
Vice President & CFO
517/372-9200
View original
content:http://www.prnewswire.com/news-releases/neogen-chairman-to-gift-stock-300625635.html
SOURCE Neogen Corporation