Dow Agro To Acquire All Outstanding Shares In Mycogen

Dow AgroSciences has signed a definitive agreement to acquire all of the outstanding shares of Mycogen Corp., an agribusiness and biotechnology company, based in San Diego, CA.

Dow AgroSciences currently owns approximately 68 percent of the outstanding shares of Mycogen. Under the terms of the agreement, a subsidiary of Dow AgroSciences will make a tender offer to acquire all of the remaining shares of Mycogen at $28.00 per share.

Following the tender offer, if Dow AgroSciences and the subsidiary own at least 90 percent of Mycogen's shares, the Dow AgroSciences subsidiary will be merged into Mycogen and each remaining Mycogen shareholder will receive $28.00 per share in exchange for each Mycogen share held.

For more information: Dow AgroSciences LLC, 9330 Zionsville Road, Indianapolis, Indiana 46268-1054, United States.