AgroPages-S&W Seed Issues statement on acquisitions-Agricultural news

S&W Seed Company announced that the company has terminated active discussions to acquire certain operations of an alfalfa seed company of similar size. The acquisition would have required a significant financing, having equity as a component. Due to the recent decline in the company’s stock price, which the company believes significantly undervalues its current operations and potential, and is below the company’s book value per share, the company has elected not to pursue the acquisition at this time. Discussions with potential financing sources were done under confidentiality agreements that restricted them from trading S&W stock, and those agreements are terminated effective immediately. The company may revisit this or other strategic acquisitions at some point in the future, without further notice.

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S&W Seed Issues statement on acquisitions

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