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Slide #3. 734 Agriculture and Arlon Group — Majority Interest in Alico, Inc.
734 Agriculture and Arlon Group (NASDAQ:ALCO)
Majority Interest in Alico, Inc.
734 Agriculture, LLC and Alico, Inc. (Nasdaq:ALCO) announced today that 734 Agriculture, a private investment company owned and controlled by Remy W. Trafelet and George R. Brokaw, in partnership with Arlon Group, a global food and agriculture investment firm founded by Continental Grain Company, have entered into definitive agreements under which an affiliate of 734 Agriculture will acquire approximately 50.5 percent of Alico's outstanding voting stock from Atlantic Blue Group, a family owned holding company.
Alico is an agribusiness and land management company. Co.'s principal lines of business are citrus groves and water storage and other operations, which include environmental services, land leasing and related support operations. Co. has two segments: Alico Citrus, which cultivates citrus trees to produce citrus for delivery to the processed and fresh citrus markets; and Water Resources and Other Operations, which owns and manages land in Collier, Glades, and Hendry Counties and is engaged in land leasing for recreational and grazing purposes, conservation, and mining activities.
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Hold (2.00 out of 4)
(ranked higher than approx. 57% of all stocks covered)
Based on Zacks ABR data;
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