Yuma, Arizona, July 7, 2021 – Gowan Company, LLC announces the end of the acceptance period of the mandatory tender offer on all of the ordinary shares of Isagro S.p.A. not already owned by Gowan. Currently, Gowan indirectly owns over 91% of the shares of Isagro S.p.A. and as a result of the completion of the MTO Isagro S.p.A. will be delisted from the Italian stock exchange before the end of August 2021. Gowan anticipates that it will purchase all additional outstanding shares within the coming days.
In accordance with Italian law, Gowan has reached the prescribed 90% threshold for initiating a sell-out period, which will begin on July 12, 2021. During the sell-out period, Crop Demetra, a holding company of Gowan Company, will seek to purchase the remaining outstanding shares in the period ending July 30 2021.
Complete terms of the agreement in their original format can be found at https://www.isagro.com/en/investor-relations/mto-crop-demetra-limited.html#header
Immediately after taking the organization private, Gowan plans to begin integrating the two companies, allowing the new organization to expand commercial opportunities while sharpening their manufacturing and scientific acuity.