Andersons rejects unsolicited proposal from HC2

HC2 says grain company is being poorly managed and is ignoring proposal.

The Andersons Inc. announced May 18 that its board of directors has rejected two non-binding, highly conditional, unsolicited proposals from HC2 Holdings Inc. to acquire all outstanding shares of The Andersons. This announcement came in response to HC2's public disclosure May 17 of its offer.

On Jan. 29, 2016, The Andersons received a private, unsolicited proposal from HC2 to acquire the company for $35 per share in cash. A subsequent proposal was submitted on March 22 for $37 per

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