Wrightson to return a lower $235M to shareholders; CEO Glasson leaving

Wed, 08 May 2019

By Paul McBeth May 9 (BusinessDesk) - PGG Wrightson plans to return $235 million to shareholders via a share buyback, less than previously flagged, now the sale of its seeds division to Denmark's DLF Seeds has left it flush with cash. The board intends to return 31 cents a share to investors through a pro-rated share buyback, which needs shareholder approval and sign-off by the courts. The company intends to send out detailed information in a notice of special meeting in the coming weeks. The shares last traded at 56 cents, and were trad...

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