Agri-Insurance Company Ltd. Enters Into Contract to Sell 507 Acres in Lee County.Business Editors LA BELLE La Belle may be a place in the US:
Ben Hill Griffin III, chief executive officer and chairman of the board of Alico Inc. (ALCO) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ALCO), announced Monday that Agri-Insurance Company Ltd., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Alico Inc., has entered into two separate contracts to sell 337 acres and 170 acres in Lee County, Fla. The contracts stipulate stip·u·late 1 v. stip·u·lat·ed, stip·u·lat·ing, stip·u·lates v.tr. 1. a. To lay down as a condition of an agreement; require by contract. b. sale prices of $7.2 million and $3.4 million, respectively. The parcels are both located north of Alico Road. The 337 acres are located west of the planned Ben Hill Griffin Parkway extension, which will connect Alico and Daniels Roads. The 170 acres are located east of the extension. Griffin stated, "We are pleased that interest in providing services to the University and airport is continuing." |
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