MAUMEE, Ohio, Aug. 22 /PRNewswire-FirstCall/ -- The Andersons, Inc.
(Nasdaq: ANDE) (the "Company") today announced pricing of its previously
announced offering of 2,250,000 shares of its common stock, of which
2,000,000 shares will be sold by the Company and 250,000 shares will be
sold by certain selling shareholders. The offering price is $37.00 per
share. In addition, the Company has granted the underwriters a 30-day
option to purchase up to an additional 337,500 shares of common stock to
cover over-allotments, if any. BB&T Capital Markets and Piper Jaffray & Co.
are joint book-running managers for the offering. Stephens Inc. and Stifel,
Nicolaus & Company are serving as co-managers.
A registration statement relating to the common stock has been filed
with and declared effective by the Securities and Exchange Commission. This
press release shall not constitute an offer to sell or the solicitation of
an offer to buy nor shall there be any sale of the common stock in any
State in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such State.
The offering of these securities will be made only by means of a
prospectus. A copy of the final prospectus may be obtained by contacting:
BB&T Capital Markets, Attention: Syndicate, 909 E. Main Street, Richmond,
VA 23219, Telephone (804) 780-3283; or by contacting Piper Jaffray & Co.,
Attention: Equity Capital Markets, 800 Nicollet Mall, Minneapolis, MN
55402, Telephone (877) 371-5212.
About The Andersons, Inc.
The Andersons, Inc. is a diversified company with interests in the
grain & ethanol and plant nutrient sectors of U.S. agriculture, as well as
in railcar leasing, industrial products formulation, turf products
production, and general merchandise retailing. Founded in Maumee, Ohio, in
1947, the company now has operations in seven U.S. states plus rail
equipment leasing interests in Canada and Mexico. The Andersons, Inc. is
located on the Internet at http://www.andersonsinc.com.
This release contains forward-looking statements. These statements
involve risks and uncertainties that could cause actual results to differ
materially. Without limitation, these risks include the risk that the
offering discussed herein may not occur, economic, weather and regulatory
conditions, competition, and the risk factors set forth from time to time
in the Company's filings with the Securities and Exchange Commission,
including the registration statement relating to the offering. Although the
Company believes that the assumptions upon which the information contained
herein and the related forward-looking statements are based are reasonable,
it can give no assurance that these assumptions will prove to be correct.
SOURCE The Andersons, Inc.
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Related links:
http://www.andersonsinc.com/
CONTACT:
Gary L. Smith, VP, Finance and Treasurer of
The Andersons, Inc., +1-419-891-6417
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