Agribiotech Inc. agrees to acquire seed company with annual sales of approximately $10 million.LAS VEGAS--(BUSINESS WIRE)--April 11, 1997--Dr. Johnny R. Thomas, chief executive officer of AgriBioTech Inc. (NASDAQ/NM:ABTX) announced that the company has agreed to acquire a seed company which had sales of approximately $10 million last year. Closing of the acquisition is contingent upon Adj. 1. contingent upon - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent on, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent satisfaction of contingencies, due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and the negotiation of definitive purchase agreements. Although there can be no assurances the transactions will close, the company has negotiated all significant terms, and management expects successful closing of the transaction. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Thomas, "The above-referenced acquisition complements and is synergistic to ABT's existing seed operations. Closing of this pending transaction is not expected to require issuance of new ABT ABT About ABT Abteilung (German: Department) ABT Abbott Laboratories (stock symbol) ABT American Ballet Theatre ABT Associação Brasileira de Telemarketing ABT Abort ABT Availability Based Tariff shares, as funding is expected through debt and the exercise of some existing employee options." AgriBioTech is a fully integrated full service seed company specializing in the forage and turf seed sector, complete with research and development of proprietary seed varieties, seed processing plants, and a national distribution and sales network. The company has completed 11 acquisitions since Jan. 1, 1995 and is now the fourth largest forage seed company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . CONTACT: AgriBioTech Inc., Las Vegas John C. Francis, 702/798-1969 |
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