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Purina Mills Stockholders Approve Merger

Purina Mills Inc. announced on Wednesday that its stockholders have approved Purina Mills proposed merger with a subsidiary of Land O'Lakes.

The stockholders vote was conducted at a special meeting of Purina Mills' stockholders held at Purina Mills' headquarters earlier today. The merger received the favorable votes of approximately 67% of the total shares outstanding, which exceeded the majority of outstanding shares required to approve the transaction, and represented in excess of 99% of the total votes cast in regard to the merger proposal. Purina Mills anticipates that the merger will close when Land O'Lakes financing arrangements are finalized, which is expected by the end of September.
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