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Non-Tech : Imperial Sugar (IPSU)

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To: Patentlawmeister who wrote (50)	12/30/2002 9:42:29 PM
From: Crossy	of 121

Cuda, it's even better than this. I read the PR for the FY-2002 again and found this text "impacted by the sale of certain business units, including .... beet factory in Worland, Wyo." Do you know what this means ? This means that the 2nd sale of beet sugar plants - the one to American Crystal - Torrington, Wyoming - Sidney, Montana and a 3rd took must have taken place after closing of year-end books. And indeed, I was right.. Look up the asset purchase agreement - it'S dated Oct. 7th.. Hmmm.. sec.gov And nice clues indeeed.. "cash payment equal to Thirty Four Million Dollars ($34,000,000); plus the book value of the Operating Supplies in excess of $1,000,000; less the agreed-upon value of the Excluded Equipment; and less the value of any Sidney Byproducts sold by Seller prior to the Closing Date" This transaction should add around $35m in cash. Then the Hormel deal - for $115m - should add more than $115m in cash. Together this amounts to $150m. If my calculations are correct, we may arrive at a book value of around $13 at LEAST rgrds CROSSY

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