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Stock impact report

Alico, Inc. Announces Final Results Of Tender Offer

Alico, Inc. (ALCO) 
US:NASDAQ Investor Relations: ir.stockpr.com/alicoinc/investor-home
Company Research Source: GlobeNewswire
FORT MYERS, Fla., Oct. 09, 2018 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (NASDAQ:ALCO) announced today the final results of its previously announced issuer tender offer (the “Tender Offer”), to purchase up to $19,999,990 in value of shares of its common stock at a purchase price of $34.00 per share.  The Tender Offer expired at the end of the day, 12:00 midnight, Eastern Daylight Time, on October 3, 2018. Based on the final count by Computershare, the depositary for the Tender Offer, a total of 4,775,863 shares were properly tendered and not withdrawn.  In accordance with the terms and conditions of the Tender Offer and based on the final count by the depositary, the Company has accepted for purchase 752,234 shares of its common stock at a purchase price of $34.00 per share, for an aggregate cost of $25,575,956, excluding fees and expenses relating to the Tender Offer.  These shares represent approximately 9.2% of the total number of shares of the Company’s common Show less Read more
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