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News Breaks
August 5, 2014
07:22 EDTSANWS&W Seed secures 1,000 acres in Australia
S&W Seed announced it has secured approximately 1,000 acres of contracted seed production in Australia to be dedicated to the company's elite S&W varieties which have historically been grown only in California. This initial planting in Australia is part of the company's strategy to expand and diversify its seed production base in the country and to benefit from a number of favorable economic factors inherent in Australian-based production. These 1,000 initial acres will finalize their planting in the coming weeks and harvested during the company's annual March/April 2015 harvest.
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October 15, 2014
07:02 EDTSANWS&W Seed terminates active discussions to acquire ops of alfalfa seed company
S&W Seed announced that the company has terminated active discussions to acquire certain operations of an alfalfa seed company of similar size. The acquisition would have required a significant financing, having equity as a component. Due to the recent decline in the company's stock price, which the company believes significantly undervalues its current operations and potential, and is below the company's book value per share, the company has elected not to pursue the acquisition at this time. Discussions with potential financing sources were done under confidentiality agreements that restricted them from trading S&W stock, and those agreements are terminated effective immediately. The company may revisit this or other strategic acquisitions at some point in the future, without further notice.

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