SOURCE: Phibro Animal Health Corporation

February 29, 2008 17:18 ET

Phibro Animal Health Corporation Announces Potential Equity Purchase and Transaction

RIDGEFIELD PARK, NJ--(Marketwire - February 29, 2008) - Phibro Animal Health Corporation ("PAHC") announces that its shareholders are in discussions to sell on a private placement basis approximately 15% to 20% of their common shares to a non-U.S. institutional investor in compliance with Regulation S. In addition, PAHC is contemplating an institutional offering of its common shares to non-U.S. persons via admission to a non-U.S. exchange, also in compliance with Regulation S. If completed, following the equity sale by shareholders and institutional offering by PAHC, current PAHC shareholders would hold approximately 70% to 74% of the common shares of the company with the remainder being held by the institutional investors. Definitive terms and legally binding agreements for the execution of both the private sale and subsequent offering have yet to be agreed.

The securities which may be offered by the selling shareholders and PAHC will not be and have not been registered under the United States Securities Act of 1933, as amended, and the securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the United States federal securities laws.

This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of PAHC or an invitation or inducement to engage in investment activity in any jurisdiction, nor will it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract thereof.

Company Description

PAHC is a diversified global manufacturer and marketer of a broad range of animal health and nutrition products to the poultry, swine and cattle markets. PAHC is also a manufacturer and marketer of performance ingredients for ethanol production, wood preservation and personal care products.

Contact Information

  • For additional information contact:
    Richard G. Johnson
    Chief Financial Officer
    (201) 329-7300