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Article: Savia and Fox Paine Enter Into Definitive Agreements to Acquire Seminis.
- Article from:
- PR Newswire
- Article date:
- June 2, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OXNARD, Calif., MONTERREY, Mexico, and SAN FRANCISCO -- OXNARD, Calif., MONTERREY, Mexico, and SAN FRANCISCO, June 2 /PRNewswire/ -- Seminis, Inc. announced today that it has entered into a definitive merger agreement with entities related to Savia, S.A. de C.V. (NYSE: VAI; BMV: SAVIA) pursuant to which certain Savia related parties will acquire all of the outstanding shares of Seminis, the world's largest developer, producer and marketer of fruit and vegetable seeds. Public holders of approximately 15.8 million Seminis shares will receive $3.78 per share in the merger. Immediately following the merger, certain Savia related parties will sell to certain investment funds ...