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value1008

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value1008

Re: None

Friday, 04/24/2015 9:17:31 AM

Friday, April 24, 2015 9:17:31 AM

Post# of 928
Interesting news from an 8-K filed today--
http://ih.advfn.com/p.php?pid=nmona&article=66559470&xref=newsalert
i have no idea what this means for REX. Does it mean that REX receives cash or shares in CHS as a result of the merger?

Item 8.01. Other Events

On April 23, 2015, the Board of Directors of Patriot Holdings, LLC (“Patriot”) approved a merger agreement with a subsidiary of CHS, Inc. (“CHS”) that would result in CHS owning 100% of the ownership interest in Patriot. REX American Resources Corporation owns a 26.6% interest in Patriot. The merger agreement is subject to the completion of due diligence, approval by the members of Patriot and normal and customary closing conditions for a transaction of this nature
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