Key Developments: S&W Seed Co (SANW.OQ)
8.90USD
20 May 2013
$-0.45 (-4.81%)
$9.35
$9.28
$9.29
$8.72
31,184
20,558
$11.40
$4.44
Latest Key Developments (Source: Significant Developments)
S&W Seed Co Issues Q4 2013 Revenue Guidance Above Analysts' Estimates
S&W Seed Co announced that for the fourth quarter of 2013, the Company expects revenues to be between $12 and $13 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $3.65 million for the fourth quarter of 2013. Full Article
S&W Seed Co Closes Acquisition Of Seed Genetics International Pty Ltd
S&W Seed Co announced that it has closed previously announced acquisition of Seed Genetics International Pty Ltd (SGI), a breeder, producer and marketer of non-dormant alfalfa seed varieties based in Adelaide, South Australia. The purchase price of approximately USD16.7 million, consists of 864,865 shares of S&W Common Stock valued at $8.7 million, $5 million in cash and $3 million in the form of a three-year promissory note. Full Article
S&W Seed Co To Acquire Seed Genetics International
S&W Seed Co announced that it has agreed to purchase 100% of Seed Genetics International Pty Ltd (SGI), subject to due diligence and other customary conditions. The combination of S&W with Adelaide, Australia-based SGI will create the world 's largest non-dormant alfalfa seed company. The transaction, which is valued at approximately $16 million, is scheduled to close in early April 2013. S&W is paying a purchase price of approximately $16 million, over half of which consists of 865,000 shares S&W Common Stock and will result in SGI's owners becoming significant shareholders of S&W. The remaining consideration consists of $5 million in cash and $3 million in the form of a three-year promissory note. Full Article
S&W Seed Co Closing of Public Offering Of Common Stock
S&W Seed Co announced that the closing of an underwritten public offering of 1,400,000 shares of its common stock at a price to the public of $7.50 per share. The Company received total gross proceeds of $10.5 million, excluding underwriting discounts and offering expenses. The Company anticipates using the net proceeds from this offering for working capital and general corporate purposes, which may include future business acquisitions. Piper Jaffray & Co. acted as the sole manager for the offering. Wm. Smith & Co. acted as a financial advisor. Full Article
S&W Seed Co Announces Pricing Of Public Offering Of Common Stock
S&W Seed Co announced the pricing of an underwritten public offering of 1,400,000 shares of its common stock at a price to the public of $7.50 per share. The Company will receive total gross proceeds of approximately $10.5 million, excluding underwriting discounts and expenses. The Company anticipates using the net proceeds from this offering for working capital and general corporate purposes, which may include future business acquisitions. Piper Jaffray & Co. is acting as the sole manager for the offering, with Wm. Smith & Co. acting as a financial advisor. Full Article
S&W Seed Co Announces Public Offering of Common Stock
S&W Seed Co announced that it intends to offer shares of its common stock in an underwritten public offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Piper Jaffray & Co. is acting as the sole manager for the offering. Full Article
S&W Seed Co Buys Half Interest in 182 Acres in Imperial Valley
S&W Seed Co announced that it acquired a one-half interest in an additional 182 acres of producing farmland in Calipatria, California , located in the Imperial Valley. The 182 acres are adjacent to 1,880 acres of farmland that S&W partly purchased and partly leased in July 2012. The newly acquired farmland will be used to expand S&W's production of alfalfa seed. Full Article
S&W Seed Co Announces Agreement with Monsanto and Forage Genetics
S&W Seed Co announced that it has signed agreements with Monsanto and Forage Genetics International, LLC. (FGI) that enables the Company to produce and sell seed of approved varieties containing Monsanto's Roundup Ready trait. FGI has also agreed to incorporate the Roundup Ready trait into specific S&W-developed varieties previously selected for high yield and salt tolerance. Full Article
S&W Seed Co Acquires Imperial Valley Seeds, Inc.
S&W Seed Co announced that it has acquired Imperial Valley Seeds, Inc. (IV Seeds), a marketer of non-dormant alfalfa seed varieties to international markets, principally the Middle East, North Africa and Latin America. The purchase price was approximately $6 million, consisting of $3 million in cash, a $500,000 five-year note and 400,000 shares of S&W common stock. IV Seeds is the international marketing arm of Imperial Valley Milling (IV Milling), a Holtville, California based producer and processor of alfalfa seeds, established in 1921. IV Seeds was founded in Sacramento as the export arm of IV Milling in 1999. Full Article
S&W Seed Co Acquires Rights To Dormant Alfalfa Genetics
S&W Seed Co announced that it has purchased the rights to a portfolio of alfalfa varieties suited for colder climate conditions, thereby expanding its alfalfa genetics to include dormant varieties. Since 1980, S&W has focused on breeding and producing non dormant alfalfa seed, known as 8, 9 and 10 dormancies that are suited to warm climates. This purchase is the first time the Company has ventured into seed genetics for colder climates, where dormancies of two, three and four dormancies are appropriate. Terms of the transaction were not disclosed. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
