As of 8:10 PM 05/21/13 All times are local (Market data is delayed by at least 15 minutes).




S%26W%20Seed%20Company%20%28NasdaqCM%3ASANW%29%20agreed%20to%20acquire%20Seed%20Genetics%20International%20Pty%20Ltd%20for%20%2417.7%20million%20on%20March%2014%2C%202013.%20S%26W%20will%20issue%20between%200.87%20million%20and%200.91%20million%20shares%2C%20will%20pay%20cash%20of%20%245%20million%20and%20shall%20pay%20the%20remaining%20consideration%20of%20%243%20million%20in%20the%20form%20of%20a%20three-year%20promissory%20note.%20The%20actual%20number%20of%20shares%20to%20be%20issued%20to%20Seed%20Genetics%20International%20will%20be%20determined%20under%20a%20collar%20mechanism%20based%20upon%20the%20ten%20day%20trailing%20volume%20weighted%20average%20price%20of%20S%26W%20Seed%27s%20common%20stock%20immediately%20before%20the%20closing%20of%20the%20transaction.%20The%20face%20amount%20of%20the%20promissory%20note%20is%20subject%20to%20reduction%20if%20Seed%20Genetics%20International%27s%20net%20working%20capital%20is%20below%20the%20net%20working%20capital%20target%20at%20closing%20of%20the%20transaction.%20All%20the%20employees%20of%20Seed%20Genetics%20International%20will%20join%20S%26W%20Seed.%20Dennis%20Jury%20will%20continue%20to%20run%20all%20Australian%20operations%20from%20Adelaide%2C%20while%20Matt%20Denton%20will%20remain%20on%20the%20Australian%20unit%27s%20management%20board%20and%20Mark%20Harvey%20will%20join%20the%20Board%20of%20S%26W%20Seed%20as%20Vice%20Chairman.%20Seed%20Genetics%20International%20reported%20revenues%20of%20%2418.3%20million%20%28AUD%2018%20million%29%20for%20the%20year%20ended%20June%2030%2C%202012%20and%20reported%20pre-tax%20income%20of%20%241.6%20million.%20In%20addition%2C%20under%20the%20agreement%2C%20the%20shareholders%20of%20Seed%20Genetics%20International%20and%20two%20affiliated%20Directors%20of%20Seed%20Genetics%20International%20have%20agreed%2C%20each%20individually%2C%20not%20to%20compete%20in%20the%20non-dormant%20alfalfa%20seed%20business%20for%20a%20period%20of%20up%20to%20five%20years%20after%20the%20closing%20of%20the%20transaction.%0D%0A%0D%0AThe%20transaction%20is%20subject%20to%20approval%20of%20Board%20of%20Directors%20of%20S%26W%20Seed%2C%20satisfactory%20results%20of%20due%20diligence%20of%20Seed%20Genetics%20International%2C%20waiver%20or%20approval%20from%20third%20parties%2C%20approval%20of%20National%20Australia%20Bank%20Limited%2C%20and%20other%20customary%20closing%20conditions.%20S%26W%20Seedmay%20terminate%20the%20agreement%20if%20the%20conditions%20to%20its%20entry%20into%20agreement%20are%20not%20satisfied%20or%20waived%20by%20March%2027%2C%202013.%20The%20transaction%20is%20expected%20to%20close%20by%20April%202%2C%202013%20and%20is%20expected%20to%20be%20immediately%20accretive%20to%20earnings%20of%20S%26W%20Seed%20Company.%20Joe%20Dorame%2C%20Robert%20Blum%20and%20Joe%20Diaz%20of%20Lytham%20Partners%2C%20LLC%20acted%20as%20public%20relations%20advisors%20for%20S%26W%20Seed.%20Piper%20Alderman%20acted%20as%20legal%20advisor%20for%20S%26W%20Seed%20Company.%20The%20currency%20conversions%20have%20been%20done%20from%20www.oanda.com%20for%20June%2030%2C%202012.
S%26W%20Seed%20Company%20%28NasdaqCM%3ASANW%29%20and%20Coast%20Imperial%20Partners%20acquired%20182%20acres%20of%20producing%20farmland%20in%20Imperial%20Valley%20from%20Imperial%20Morningstar%20Land%20LLC%20for%20%241.6%20million%20on%20December%2031%2C%202012.%20S%26W%20Seed%20Company%20and%20Coast%20Imperial%20Partners%20paid%20%240.8%20million%20each%20for%2050%25%20stake%20in%20the%20newly%20acquired%20acreage.%20S%26W%20Seed%20Company%20will%20use%20the%20additional%20acreage%20to%20further%20expand%20its%20production%20of%20alfalfa%20seed.%20The%20closing%20of%20the%20transaction%20is%20contingent%20upon%20the%20satisfaction%20of%20a%20feasibility%20condition%20with%20respect%20to%20the%20property%27s%20intended%20use%20and%20customary%20closing%20conditions.%20Robert%20Blum%2C%20Joe%20Dorame%20and%20Joe%20Diaz%20of%20Lytham%20Partners%2C%20LLC%20acted%20as%20the%20PR%20advisor%20for%20S%26W%20Seed%20Company.
S%26W%20Seed%20Company%20%28NasdaqCM%3ASANW%29%20and%20Coast%20Imperial%20Partners%20acquired%20182%20acres%20of%20producing%20farmland%20in%20Imperial%20Valley%20from%20Imperial%20Morningstar%20Land%20LLC%20for%20%241.6%20million%20on%20December%2031%2C%202012.%20S%26W%20Seed%20Company%20and%20Coast%20Imperial%20Partners%20paid%20%240.8%20million%20each%20for%2050%25%20stake%20in%20the%20newly%20acquired%20acreage.%20S%26W%20Seed%20Company%20will%20use%20the%20additional%20acreage%20to%20further%20expand%20its%20production%20of%20alfalfa%20seed.%20The%20closing%20of%20the%20transaction%20is%20contingent%20upon%20the%20satisfaction%20of%20a%20feasibility%20condition%20with%20respect%20to%20the%20property%27s%20intended%20use%20and%20customary%20closing%20conditions.%20Robert%20Blum%2C%20Joe%20Dorame%20and%20Joe%20Diaz%20of%20Lytham%20Partners%2C%20LLC%20acted%20as%20the%20PR%20advisor%20for%20S%26W%20Seed%20Company.
S%26W%20Seed%20Company%20%28NasdaqCM%3ASANW%29%20and%20Coast%20Imperial%20Partners%20acquired%20182%20acres%20of%20producing%20farmland%20in%20Imperial%20Valley%20from%20Imperial%20Morningstar%20Land%20LLC%20for%20%241.6%20million%20on%20December%2031%2C%202012.%20S%26W%20Seed%20Company%20and%20Coast%20Imperial%20Partners%20paid%20%240.8%20million%20each%20for%2050%25%20stake%20in%20the%20newly%20acquired%20acreage.%20S%26W%20Seed%20Company%20will%20use%20the%20additional%20acreage%20to%20further%20expand%20its%20production%20of%20alfalfa%20seed.%20The%20closing%20of%20the%20transaction%20is%20contingent%20upon%20the%20satisfaction%20of%20a%20feasibility%20condition%20with%20respect%20to%20the%20property%27s%20intended%20use%20and%20customary%20closing%20conditions.%20Robert%20Blum%2C%20Joe%20Dorame%20and%20Joe%20Diaz%20of%20Lytham%20Partners%2C%20LLC%20acted%20as%20the%20PR%20advisor%20for%20S%26W%20Seed%20Company.
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Date Range for Stats (05/22/2013 to 05/22/2013)
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SANW:US
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$8.80 USD |
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