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Strategies & Market Trends : Value Investing

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To: Lazarus who wrote (61635)	5/23/2019 8:36:43 AM
From: E_K_S	Read Replies (1) of 78683

S&W and Corteva Agriscience™, Agriculture Division of DowDuPont, Enter New Mutually Beneficial Alfalfa Licensing Agreement New agreement strengthens S&W's growth position and allows Corteva Agriscience to capture efficiencies Corteva Agriscience™, Agriculture Division of DowDuPont, today announced they have entered into a new mutually beneficial alfalfa agreement that terminates and replaces the December 2014 agreements between S&W and Pioneer Hi-Bred International, Inc. As part of the new agreement, S&W will receive $45 million in cash at closing plus $25 million in payments over regularly scheduled dates concluding in February 2021. This is excellent news. Corteva will start trading tomorrow (w/ a warrant-when issued) and having this rolled up into their company is a great start for this new company (the Ag Division of DuPont). I also plan to start a position in Corteva mentioned here by Speketalus and others a a good value play. I expect good future growth along w/ a high dividend (management will have a payout of up to 40% of EBITDA as their dividend). I am hoping this prices around 14 PE. EKS

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