secwatch.observer — SEC 8-K summary
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Issuer:     Limoneira CO (LMNR)
CIK:        0001342423
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0001104659-23-008598
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Limoneira closes sale of 3,537 acres in Tulare County for $100M; expects accretion to EBITDA and EPS
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- Sale closed Jan 31, 2023; purchase price $100M with ~$99M net cash proceeds.
- Transaction expected to be accretive to pro forma EBITDA and EPS; will significantly reduce debt.
- Entered into one-year farm management and minimum five-year packing/marketing agreements with buyer PGIM.
- Over past 3 months, sold ~$130M of $150M non-strategic assets identified under strategic plan.
- Company will host conference call Feb 1, 2023 at 10:00 a.m. ET to discuss the transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342423/000110465923008598/0001104659-23-008598-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342423/000110465923008598/tm234205d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-008598

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