The Andersons sells Rail Leasing business for ~$543M; authorizes $100M share repurchase

Andersons, Inc.

Sold Rail Leasing business to ITE Management affiliate American Industrial Transport for $543M in cash, subject to working capital adjustments.
Proceeds initially to pay down debt; company also plans to market remaining rail repair business (29 facilities).
Board authorized $100M common stock repurchase program, effective through August 20, 2024.
Transaction aligns with portfolio focus on core grain and fertilizer segments; enhances financial flexibility.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.