"This transaction with Paine Schwartz will provide enhanced flexibility for AgroFresh to build on its strong foundation and advance its mission of preventing food waste and conserving the planet's resources for years to come," said CEO Clint Lewis.
On October 27, 2022, the company disclosed in a regulatory filing that a special committee of the board of directors agreed with Paine Schwartz Partners to pursue an acquisition transaction.įollowing the completion of the acquisition, AgroFresh will become a private company. The price represents a 7% premium over AgroFresh's last closing price of $2.79. Also, the price represents a 91% premium over AgroFresh's share price at the market close on October 26, 2022. (This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.AgroFresh Solutions Inc (NASDAQ: AGFS) has entered into a definitive merger agreement with investment funds affiliated with Paine Schwartz Partners. The funds will acquire the company's outstanding common stock for $3.00 per share in cash. Netanyahu's coalition says they are needed to curb a Supreme Court that it says has become too politically interventionist. The judicial changes pursued by Netanyahu and his government have sparked an unprecedented crisis in Israel, opening deep divides in society, bruising the economy and drawing concern from Western allies. "Strauss' attempt to drag more advertisers after them to obscure their part in leading the fight to close Channel 14 will not work," it added. "I ordered the cessation of advertising of (our) group's brands on Channel 14." Channel 14 said in a statement it was "sorry that the owners of a public company like Strauss decided to educate the public instead of serving it. "We do not have to cooperate and finance this outrageous conduct," wrote Yogev Weiss, Delek Motors' marketing manager. "Unfortunately, Channel 14 not only does not do so but only deepens the rift and widens the divisions," Delek Motors said, pointing to the call for the release of Rabin's killer that "was met with applause and echoed the next day by a senior presenter on the channel". Delek Motors, which imports Ford, Mazda, BMW and Mini cars, said in a separate letter to Channel 14 that Israeli society this year had been torn apart by the controversy surrounding the judicial plan and it was important to quell the flames. It said would resume advertising only after it was "convinced the channel meets the requirements of the ethics charter". Still, Strauss in a letter to Channel 14 seen by Reuters said it had pulled planned advertising on the channel for ethical reasons and after "various offensive statements, repeated over and over again". Channel 14 - often compared with Fox News Channel in the United States - said the panelist, a lawyer, would not be asked back. Rabin had embraced an Israeli-Palestinian peace process. Foodmaker Strauss Group and auto importer Delek Motors said they had stopped advertising on pro-Netanyahu Channel 14 after a panelist on a Sunday show advocated the release of the killer of then Prime Minister Yitzhak Rabin in 1995. Two large Israeli companies have stopped advertising on a conservative news channel in the latest sign of polarisation in the country over Prime Minister Benjamin Netanyahu's planned judicial overhaul. Two major Israeli firms stop advertising on right-wing channel
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