Fresh Del Monte announces auction results
The Company has accepted for purchase 2,363,996 ordinary shares, at a purchase price of $34.50 per share, for an aggregate purchase price of approximately $81.6 million, excluding fees and expenses relating to the tender offer. These ordinary shares represent approximately 4.2% of the total number of the Company’s ordinary shares issued and outstanding as of November 30, 2014.
In accordance with the terms and conditions of the tender offer, the Company accepted for purchase all of the ordinary shares validly tendered and not validly withdrawn prior to the expiration of the tender offer. The depositary will promptly pay for the ordinary shares accepted for purchase and will return all other ordinary shares tendered.
As noted in the Offer to Purchase relating to the tender offer, the Company may purchase additional ordinary shares in the future in the open market subject to market conditions. The Company also may purchase ordinary shares in private transactions, tender offers or otherwise. Under applicable securities laws, however, the Company may not purchase any of its ordinary shares until after December 16, 2014. Any future purchases of ordinary shares by the Company will depend on many factors, including the market price of the ordinary shares, the final results of the tender offer, the Company’s business and financial position and general economic and market conditions.
Please visit www.freshdelmonte.com for more information.