Atlantic Blue Group to explore sale of 50.6% stake in Alico

theflyonthewall.com

Atlantic Blue Group disclosed that on January 28, its representatives met with Alico and informed the company of Atlantic Blue's intention, in light of recent changes in the tax code, to explore the potential sale of substantially all of its assets during 2013 and, in connection therewith, to actively pursue the sale of its entire equity position in Alico to a strategic or financial buyer. Atlantic Blue Group also suggested that Alico explore the possibility of a transaction in which a strategic or financial buyer would acquire 100% of Alico's outstanding stock. Atlantic Blue Group owns 50.6% of Alico's outstanding shares.

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