{"schema_version":"secwatch.filing_event.v1","accession":"0000821026-25-000147","form_type":"8-K","ticker":"ANDE","cik":"0000821026","company_name":"Andersons, Inc.","filed_at":"2025-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.449697+00:00","generated_at":"2026-05-17T21:40:43.584348+00:00","sec_items":["1.01","2.01","2.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Andersons buys remaining 49.9% of ethanol JV for $425M; Q2 net income falls to $8M","bullets":["Acquired remaining 49.9% of TAMH for $425M ($385M net of $40M working capital); closed July 31.","Q2 2025 net income $7.9M ($0.23 diluted EPS) vs $36.0M ($1.05) in Q2 2024; adjusted EPS $0.24.","Adjusted EBITDA $65.2M vs $98.3M; Agribusiness adj pretax income $16.8M, Renewables $9.6M.","Deal funded with cash on hand and existing credit; expects immediate EPS accretion and streamlined decision-making."],"urls":{"canonical":"https://secwatch.observer/filing/0000821026-25-000147","json":"https://secwatch.observer/filing/0000821026-25-000147.json","markdown":"https://secwatch.observer/filing/0000821026-25-000147.md","text":"https://secwatch.observer/filing/0000821026-25-000147.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/821026/000082102625000147/0000821026-25-000147-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/821026/000082102625000147/ande-20250731.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T21:40:43.584348+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d1aff9448e8faedcc49a046eae955bdc742dcc18","claim":"Andersons, Inc. completed an acquisition involving MPC Investment LLC (\"Marathon\") for $425.0 million, inclusive of $40.0 million of working capital (closed 2025-07-31).","evidence_excerpt":"On July 31, 2025, The Andersons, Inc. (the \"Company\") entered into a unit purchase agreement (the \"Purchase Agreement\") with MPC Investment LLC (\"Marathon\") to acquire the remaining 49.9% ownership interest in The Andersons Marathon Holdings LLC (\"TAMH\") for $425.0 million, inclusive of $40.0 million of working capital. The transaction closed on July 31, 2025, funded with cash on hand and debt from existing credit facilities.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/821026/000082102625000147/0000821026-25-000147-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"MPC Investment LLC (\"Marathon\")"},{"label":"Consideration","value":"$425.0 million, inclusive of $40.0 million of working capital"},{"label":"Closing","value":"2025-07-31"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}