Delta & Pine (NYSE:DLP)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Delta & Pine Charts. Click Here for more Delta & Pine Charts.](/p.php?pid=staticchart&s=NY%5EDLP&p=8&t=15)
Delta and Pine Land Company Announces Final Results of Tender
Offer
SCOTT, Miss., May 24 /PRNewswire-FirstCall/ -- Delta and Pine Land Company
(NYSE:DLP) announced today the final results of its modified "Dutch auction"
tender offer, which expired at 12:00 Midnight, New York City time, Tuesday, May
17, 2005.
Based on the final count by Illinois Stock Transfer Company, the depositary for
the tender offer, approximately 2,374,940 shares of common stock were properly
tendered and not withdrawn at a price at or below $27.00 per share. As
previously disclosed, the Company intends to purchase all shares properly
tendered and not withdrawn at prices at or below $27 per share, subject to
applicable securities laws. Accordingly, the Company will purchase 2,374,940
shares of its common stock at a purchase price of $27.00 per share, or a total
of $64,123,380. The total shares to be purchased are comprised of the
1,739,130 shares the Company offered to purchase and 635,810 shares to be
purchased pursuant to the Company's right to purchase up to an additional 2% of
the shares outstanding immediately prior to the commencement of the tender
offer. Shares tendered at or below $27.00 per share include shares tendered by
persons who indicated that they are willing to accept the price determined in
the offer. All shares purchased in the tender offer will receive the same
price.
Payment for shares accepted for purchase, and the return of all other shares
tendered but not accepted for payment, will be made promptly by Illinois Stock
Transfer Company. As a result of the completion of the tender offer and
immediately following payment for the tendered shares, the Company will have
approximately 36.1 million shares of common stock outstanding.
About Delta and Pine Land Company
Delta and Pine Land Company is a leading commercial breeder, producer and
marketer of cotton planting seed. Headquartered in Scott, Mississippi, with
multiple offices in eight states and facilities in several foreign countries,
D&PL also breeds, produces and markets soybean planting seed in the U.S. For
more information about D&PL, please refer to the Company's website at
http://www.deltaandpine.com/.
DATASOURCE: Delta and Pine Land Company
CONTACT: Investors: Tom Jagodinski, Delta and Pine Land Company,
+1-662-742-4518; or Media: Jonathan Gasthalter, or Amy Cohen, both of Citigate
Sard Verbinnen, +1-212-687-8080, for Delta and Pine Land Company
Web site: http://www.deltaandpine.com/