AgriBioTech Inc. Raises Equity Through the Issuance of $3.5 Million of Common Stock to State of Wisconsin Investment Board.HENDERSON Henderson. 1 City (1990 pop. 25,945), seat of Henderson co., NW Ky., on the Ohio River, in an oil, coal, tobacco, corn, and livestock area; founded 1797, inc. as a city 1867. , Nev.--(BUSINESS WIRE)--July 23, 1999-- AgriBioTech Inc. (Nasdaq/NM:ABTX) Friday announced that the company has issued 700,000 shares of common stock at $5 per share, totaling $3.5 million, to the State of Wisconsin Wisconsin, state, United States Wisconsin (wĭskŏn`sən, –sĭn), upper midwestern state of the United States. It is bounded by Lake Superior and the Upper Peninsula of Michigan, from which it is divided by the Menominee Investment Board (SWIB SWIB State of Wisconsin Investment Board ). The proceeds from the issuance will be used for working-capital purposes. The State of Wisconsin Investment Board manages investments of more than $60 billion on behalf of 450,000 government employees and retirees. "The State of Wisconsin Investment Board is pleased to make this additional investment in the business and people of AgriBioTech to help realize their potential," said John Nelson, investment director of small company stocks at SWIB. AgriBioTech is a vertically integrated, full-service seed company specializing in the forage forage Vegetable food, including corn and hay, of wild or domestic animals. Harvested, processed, and stored forage is called silage. Forage should be harvested in early maturity to avoid a decrease in protein and fibre content as crops mature. and turfgrass seed sector, complete with research and development of proprietary seed varieties, seed- processing plants, and a national and international distribution and sales network. ABT's vision is to lead the turf turf: see lawn. turf In horticulture, the surface layer of soil with its matted, dense vegetation, usually grasses grown for ornamental or recreational use. and forage seed industry in discovering its value potential. |
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