Agrofresh signs definitive transaction agreement with paine schwartz partners

Philadelphia, nov. 22, 2022 (globe newswire) -- agrofresh solutions, inc. (nasdaq: agfs) (“agrofresh” or the “company”) today confirmed that the company entered into a definitive merger agreement with investment funds affiliated with paine schwartz partners (“paine schwartz”), a global leader in sustainable food chain investing, pursuant to which such funds will acquire all of the outstanding common stock of the company (“common stock”) for $3.00 per share in cash. this represents a 91% premium over the company's share price at market close on october 26, 2022, an 88% premium over the company's unaffected 60-day volume-weighted average price (“vwap”) as of october 26, 2022, and a 33% premium over the company's 52-week trading high prior to october 26, 2022.
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