InPlay

9:02AM AgFeed Industries entered into separate non-binding letters of intent to acquire Pine Ridge Farms (FEED) 1.32 : Co announced organizational changes and acquisitions agreements in fulfillment of its previously announced entry to the harvest and processing segment of the pork business. In connection with the ongoing transformation of the Company, the Board of Directors today announced executive promotions and reassignments. In addition the Board elected a new independent director. These organizational changes are intended to align the Company's personnel with its continued transformation, allowing it to respond to the changing international operating environment and its strategy of operating at numerous points of the pork value/supply chain. The Company also announces that it has entered into separate non-binding letters of intent to acquire Pine Ridge Farms, LLC ("PRF") and Kansas City Sausage Company, LLC ("KCS"). It is expected that the combined businesses will add over $180 million of annualized revenue and over $13 million of EBITDA to the Company's results.