Brief: Ellen S. Bresky - Proposed That Seaboard Repurchase Directly Or Indirectly At Least $600 Million In Common Shares Currently Held By Reporting Persons

Seaboard

11/07/2023 22:35

July 11 (Reuters) - Seaboard Corp  SEB.A :
    * ELLEN S. BRESKY - PROPOSED THAT SEABOARD REPURCHASE
DIRECTLY OR
INDIRECTLY AT LEAST $600 MILLION IN COMMON SHARES CURRENTLY HELD
BY REPORTING PERSONS
    * ELLEN S. BRESKY - BELIEVE THE PROPOSED REPURCHASE WOULD BE
ACCRETIVE TO, AND IN INTEREST OF, SEABOARD CORP AND ITS
SHAREHOLDERS
    * ELLEN S. BRESKY-SPECIAL COMMITTEE OF SEABOARD CORP BOARD
COMPRISED OF INDEPENDENT AND DISINTERESTED DIRECTORS, IS
EVALUATING THE PROPOSED REPURCHASE
    * ELLEN BRESKY-DISCUSSIONS WITH SPECIAL COMMITTEE OR
SEABOARD'S
BOARD MAY LEAD TO EVALUATION OF ALTERNATIVE FORMS OF RETURN OF
CAPITAL, INCLUDING POTENTIAL DIVIDEND
    * ELLEN BRESKY- INTEND TO ENGAGE IN COMMUNICATIONS,
DISCUSSIONS
REGARDING PROPOSED RETURN OF CAPITAL, INCLUDING REPURCHASE, WITH
SEABOARD CORP

Further company coverage:  SEB.A