secwatch.observer — SEC 8-K summary
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Issuer:     SEABOARD CORP /DE/ (SEB)
CIK:        0000088121
Form:       8-K
Filed at:   2023-10-10T23:59:59+00:00
Accession:  0001104659-23-108293
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seaboard repurchases 189,724 shares from Bresky affiliates at $3,162.50/share, 13.5% discount to closing price
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- Total repurchase of 189,724 shares for $600M at $3,162.50 per share; shares retired.
- Price represents 13.5% discount to Oct 6 close and 15.7% discount to 180-day VWAP.
- Funded by cash on hand, sale of marketable securities, and draw on credit facilities.
- Special committee of independent directors approved; Kroll provided fairness opinion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88121/000110465923108293/0001104659-23-108293-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88121/000110465923108293/tm2327963d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-108293

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer