Tractor Supply Co. TSCO, +1.26% said Wednesday that it has acquired Orscheln Farm and Home in a $297 million all-cash transaction, net of acquired estimated future tax benefits of $23 million. Orscheln Farm and Home is a 60-plus-year-old family-operated midwestern retailer with 167 stores in 11 states, including Missouri, Nebraska and Texas. Tractor Supply stock rose 1.3% in Wednesday premarket trading, and has gained 65% over the last year. The S&P 500 index SPX, -0.06% is up 16.4% for the past 12 months.
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