AgroFresh Signs Definitive Transaction Agreement with Paine Schwartz Partners

PHILADELPHIA, Nov. 22, 2022 (GLOBE NEWSWIRE) -- AgroFresh Solutions, Inc. (NASDAQ: AGFS) (“AgroFresh” or the “Company”) today confirmed that the Company entered into a definitive merger agreement with investment funds affiliated with Paine Schwartz Partners (“Paine Schwartz”), a global leader in sustainable food chain investing, pursuant to which such funds will acquire all of the outstanding common stock of the Company (“Common Stock”) for $3.00 per share in cash. This represents a 91% premium over the Company’s share price at market close on October 26, 2022, an 88% premium over the Company’s unaffected 60-day volume-weighted average price (“VWAP”) as of October 26, 2022, and a 33% premium over the Company's 52-week trading high prior to October 26, 2022.

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