Padenga Holdings Limited (ZMSE:PADENGA) acquired a 50% stake in Lone Star Alligator Farms LLC for $1.6 million in cash on September 21, 2012. As per the terms of the acquisition, $0.6 million was paid up-front and the remaining $1 million will be paid in tranches.

Padenga Holdings Limited (ZMSE:PADENGA) completed the acquisition of a 50% stake in Lone Star Alligator Farms LLC on September 21, 2012.