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| | N1081 (Site not responding. Last check: 2007-10-20) |
 | | AgriBioTech purchased LVF for approximately $5.0 million in cash and 295,000 shares of AgriBioTech common stock with aggregate value of $5.0 million based on prices at the time terms were agreed to. |
 | | In addition, AgriBioTech agreed to acquire approximately $2.4 million of property, plant and equipment of LVF not originally anticipated to be acquired, for $0.5 million in cash and the balance payable to the former owners of LVF over 7 years with interest at prime plus one-half percent. |
 | | LVF specializes in the distribution of turfgrass seed and ancillary products to golf courses, and lawn and garden products to home improvement centers, mass merchants and independent nurseries in Nevada, California, Utah, Idaho and Wyoming. |
| www.seedquest.com /News/Press%20releases/AgriBioTech/N1081.htm (293 words) |
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