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Article: Savia and Fox Paine Complete Previously Announced Acquisition of Seminis For $3.78.
- Article from:
- PR Newswire
- Article date:
- September 29, 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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Seminis , the world's largest developer, producer and marketer of fruit and vegetable seeds, announced that it has completed its previously disclosed merger with Seminis Merger Corp. As a result of the merger, investment funds managed by Fox Paine & Company LLC, a San Francisco-based private equity firm, and Savia S.A. de C.V. (BMV: SAVIA; NYSE: VAI), along with certain related entities, acquired control of Seminis. As a result, Seminis will be privately held, will no longer be a subsidiary of Savia and Seminis' shares will no longer be listed on the Nasdaq National Market. Public shareholders will receive $3.78 per share in the merger.
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