AgWeb.com (King of Prussia, PA) has repurchased all of its outstanding stock from Safeguard Scientifics (Wayne, PA)and Madison Dearborn Partners (Chicago, IL). (News in Brief).AgWeb.com (King of Prussia King of Prussia, industrialized suburban area (1990 pop. 18,406), Montgomery co., SE Pa. It has glass and steel fabricating, food processing, printing and publishing, and varied manufacturing (textiles, liquified petroleum gas, water-treatment and electrical , PA) has repurchased all of its outstanding stock from Safeguard Scientifics (Wayne, PA)and Madison Dearborn Madison Dearborn Partners (MDP) is a private equity firm specializing in buyouts of private or publicly held companies, or divisions of larger companies; recapitalizations of family-owned or closely held companies; balance sheet restructurings; acquisition financings; and growth Partners (Chicago, IL). Following the repurchase re·pur·chase tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es To buy (something) again. n. The act of buying something that one previously sold or owned. Noun 1. , AgWeb has become a consolidated subsidiary of Farm Journal Media (Philadelphia, PA), AgWeb's other primary investor. As a result of the buyout Buyout The purchase of a company or a controlling interest of a corporation's shares. Notes: A leveraged buyout is accomplished with borrowed money or by issuing more stock. , Farm Journal has created two new business units within AgWeb, including the data services business, with database management, systems development and Farmail, and the AgWeb. corn Web site and its marketing assets. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion