Farmer Brothers says Royal Cup acquisition closes at $1.29 a share

Farmer Bros. Co.

Farmer Bros. Co.

FARM

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  • Royal Cup completed its acquisition of Farmer Brothers at USD 1.29 per share, taking ownership of all outstanding shares.
  • Closing followed a stockholder vote at a special meeting held May 1.
  • Farmer Brothers will operate within Royal Cup as a private company.
  • President and CEO John Moore, CFO Vance Fisher, Vice President and General Counsel Jared Vitemb will exit at closing.
  • Royal Cup President and CEO Chip Wann will lead combined business.


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