Andersons (ANDE) to Acquire Ownership Interest in Skyland Grain, LLC

The Andersons, Inc. (NASDAQ: ANDE) has announced a non-binding letter of intent to purchase an ownership interest in Skyland Grain, LLC, which operates in south central and southwest Kansas, northwest Oklahoma, eastern Colorado, and Texas. The proposed transaction aims to bring more value to farmer-owners and enhance competitiveness in the marketplace, while positioning both companies for the future through globally connected supply chains.

This strategic move aligns with The Andersons' other investments in their core grain and fertilizer businesses. Skyland's asset footprint and strong grower relationships complement The Andersons' robust portfolio of assets and capabilities, aiming to better connect the North American ag supply to producers and provide increased access to the best markets for their products.

Under the terms of the letter of intent, The Andersons has been granted exclusivity while the parties work in good faith to negotiate a definitive agreement. The completion of due diligence, approval of both companies' boards of directors, negotiation of documents, and any applicable approvals, including regulatory, would be required for any definitive agreement.

Notably, The Andersons, Inc. was named to Forbes' list of America's most successful small companies in 2024, Newsweek's list of America's most responsible companies, and one of the America's fastest-growing companies by the Financial Times. The company is rooted in agriculture and conducts business in commodity merchandising, renewables, and nutrient & industrial sectors, committed to providing extraordinary service to its customers, supporting its communities, and increasing the value of the company. As a result of these announcements, the company's shares have moved -1.0% on the market, and are now trading at a price of $50.0. If you want to know more, read the company's complete 8-K report here.

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