Seaboard Corporation (NYSE AMERICAN: SEB) announced that it has repurchased 189,724 shares of its common stock for an aggregate purchase price of US$600,002,150 from entities affiliated with Ellen S. Bresky, the Chairwoman of the Board of Directors of Seaboard, and other members of the Bresky family, in a privately negotiated transaction. The repurchased shares will be retired. Seaboard’s repurchase transaction closed on October 10, 2023.
Latham & Watkins LLP represented Ellen S. Bresky in the transaction with a corporate deal team led by Chicago partners Bradley Faris and Max Schleusener, with associates Jacob Saslow and Byron Patton. Chicago partner Diana Doyle, with associate Michael Zucker, advised on tax matters.
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