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0 0 0 -0.00792063365069207 -0.00792063365069207 8.00064005120322E-05 0.00312024961996961 8.00064005120322E-05
Stock impact report

Royal Cup to buy US tea-and-coffee peer Farmer Brothers [Yahoo! Finance]

Farmer Brothers Company (FARM) 
Last farmer brothers company earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Under the agreement, Royal Cup will buy all the outstanding shares in publicly listed Farmer Brothers for $1.29 each. Both companies supply tea and coffee to retail and foodservice customers. Farmer Brothers said its board has “unanimously” approved the deal and recommended its shareholders to vote in favour. In July last year, the company started a process to explore “strategic” options focused on “maximising” shareholder value. The deal, meanwhile, comes after Royal Cup secured investment from private equity firm Braemont Capital in December to drive its expansion. Chip Wann, the president and CEO of Royal Cup, said: “This transaction will allow Royal Cup and Farmer Brothers to combine our complimentary capabilities and build a more resilient national organisation with the infrastructure and products necessary to better support our growing customer base across multiple channels.” The deal is expected to close in the second quarter, subject to the approval of Farmer Brot Show less Read more
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