** Food and animal safety products company Neogen's NEOG.O shares rise 8.3% to $4.75
** NEOG says it has agreed to sell its global cleaners and disinfectants business to privately-held French company Kersia Group for $130 million in cash at closing
** Transaction expected to be accretive to margins - NEOG
** Deal expected to close in Q1 2026, co says
** Net proceeds will be used to fully repay the $100 million drawn on the co's revolving credit facility in the recent term loan refinancing
** "The sale of our cleaners and disinfectants business further focuses Neogen on food safety diagnostics," says CEO John Adent
** As of last close, NEOG has fallen 63.8% YTD
(Reporting by Siddhi Mahatole)
((sSiddhi.mahatole@thomsonreuters.com))
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