S&W Seed commences process to explore strategic alternatives

S&W Seed Company announced that its Board of Directors of the company is commencing a process to explore and evaluate various strategic alternatives that may be available to S&W Seed in an effort to enhance shareholder value. The company expects to consider a broad range of potential opportunities, including, among others, a sale of the company, a merger with another strategic partner, a recapitalization or continued execution of the company’s attractive long-term business plan. Alan Willits, Chairman of S&W Seed, commented: “S&W Seed continues to successfully execute on its long-term plan. Over the last year, S&W Seed has taken decisive actions to strengthen the company, including by divesting S&W Seed Australia subsidiary and exclusively focusing on its core US-based sorghum and alfalfa operations, led by its high-margin sorghum trait portfolio with Double Team, and its investment in the VBO Camelina biofuel joint-venture with Shell, while aligning its cost structure and strengthening the company’s management and employees. We continue to support all initiatives that optimize shareholder value and will consider the full range of potential strategic alternatives to ensure S&W Seed is best positioned for future success.”