| A British sugar firm and a four-state sugar beet grower
cooperative have reached agreement on a new price for the
Western Sugar Co., which has refineries in Billings, Lovell,
Wyo., and two each in Colorado and Nebraska.
The development was announced Thursday afternoon.
To complete the individual appraisals and financing, the
final closing was extended to July 31.
A spokesman for the growers said he saluted Tate & Lyle
for recognizing the need to re-negotiate the value based on
production. The sale price was reduced from $78 million to $48
million.
For additional details see tomorrow mornings Billings
Gazette newspaper or billingsgazette.com
website. |