ASSET PURCHASE AGREEMENTAsset Purchase Agreement • August 20th, 2021 • Andersons, Inc. • Wholesale-farm product raw materials • Delaware
The Andersons Inc. Unaudited Pro Forma Consolidated Financial StatementsForma Consolidated Financial Statements • August 20th, 2021 • Andersons, Inc. • Wholesale-farm product raw materials
On August 16, 2021, The Andersons, Inc. (the “Company”) entered into a definitive agreement (the “Purchase Agreement”) with American Industrial Transport, Inc. (the “Buyer”) under which the Buyer agreed to purchase the assets of the Company's Rail Leasing business (“Rail Leasing”) and assume certain liabilities for a purchase price of approximately $543 million (the "Rail Leasing Sale") subject to final working capital adjustments. The Rail Leasing Sale was effective at the time of signing the agreement. The following unaudited Pro Forma Condensed Consolidated Balance Sheet, as of June 30, 2021, reflects the Company’s financial position as if the Rail Leasing Sale had occurred on that date. The following unaudited Pro Forma Condensed Consolidated Statements of Operations for the six months ended June 30, 2021 and each of the fiscal years ended December 31, 2020, December 31, 2019, and December 31, 2018, reflect the Company’s results of operations as if the Rail Leasing Sale had occurre
