Livestock Improvement buys back $5.3M of shares to simplify structure

Wed, 18 Apr 2018

By Tina Morrison April 19 (BusinessDesk) - Farmer-owned cooperative Livestock Improvement Corp will buy back $5.3 million of its shares as part of its move to simplify its share structure. In March the company's shareholders voted to reclassify all cooperative control shares and investment shares into a single class of ordinary shares. Livestock Improvement said today that a small number of shareholders had elected to exercise their minority buy-out rights under the proposal. The company confirmed it will buy back 1,334,396 investment...

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