---
schema_version: "secwatch.filing_event.v1"
accession: "0000821026-25-000193"
form_type: "8-K/A"
ticker: "ANDE"
cik: "0000821026"
company_name: "Andersons, Inc."
filed_at: "2025-10-14T23:59:59+00:00"
generated_at: "2026-05-17T04:01:55.578347+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Andersons closes $425M buyout of remaining 49.9% stake in TAMH JV

## Summary
- Acquired remaining 49.9% interest in The Andersons Marathon Holdings for $425M, including $40M working capital; closed July 31, 2025.
- Pro forma FY2024 net income attributable to controlling interests would have been $140.0M vs. actual, with EPS up $0.76 to $4.11 basic.
- For H1 2025, pro forma net income attributable to controlling interests would have been $15.6M; EPS up $0.22 to $0.46.
- Pro forma balance sheet would show cash reduced by $351M, short-term debt up $74M, equity down $425M as of June 30, 2025.
- Financing costs of $30.7M (FY2024) and $9.9M (H1 2025) reflect additional borrowings and cash used for the buyout.

## SEC filing metadata
- accession: 0000821026-25-000193
- form_type: 8-K/A
- ticker: ANDE
- cik: 0000821026
- company_name: Andersons, Inc.
- filed_at: 2025-10-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/821026/000082102625000193/0000821026-25-000193-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/821026/000082102625000193/ande-20250731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000821026-25-000193
- JSON: https://secwatch.observer/filing/0000821026-25-000193.json
- Plain text: https://secwatch.observer/filing/0000821026-25-000193.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.