DeKalb Genetics Corp. will repurchase 448,474 shares of ClassA common stock at $40 a share from Thomas H. Roberts Jr.,Thomas H. Roberts III and their families. The repurchase willbe financed by bank loans.

After the transaction, Charles and Mary Roberts, DouglasRoberts and their families will own 436,225 shares of Class Astock, or about 49 percent of then-outstanding votingsecurities.

At the request of company management, the board of DeKalb isexploring arrangements to allow key managers to obtainownership of a significant portion of the repurchased shares.

Publicly traded shares of the DeKalb, Ill., company stock(NASDAQ:SEEDB), which is non-voting, closed at $36.75, up$1.25, on Tuesday.

DeKalb on Tuesday announced that it has signed a multiyeardistribution agreement under which Terra International Inc. ofSioux City, Iowa, will sell DeKalb seed through its corn beltdistribution network. Terra is a subsidiary of InspirationResources Corp.

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