ECL - Andersons Signs Letter of Intent to Buy Skyland Interest | Benzinga
The Andersons, Inc. (NASDAQ: ANDE) announced that it signed a non-binding letter of intent with Skyland Grain, LLC to purchase an ownership interest in Skyland. The deal will offer ANDE with an opportunity to bring greater value to its customers, while positioning itself for the future through globally integrated supply chains.
Andersons have been granted exclusivity under the letter of intent while the parties work in good faith to reach a definitive agreement. Any definitive agreement is subject to the completion of due diligence, approval of both companies' boards of directors, document negotiation, and all applicable (including regulatory) approvals.
Operating in 50 locations across South Central and Southwest Kansas, Northwest Oklahoma, Eastern Colorado, and Texas, Skyland provides grain storage and handling facilities. Skyland's asset footprint ...