By strengthening the balance sheet and improving the company's capital structure, we are putting the company in a much better position to execute our strategy and deliver long-term value to our shareholders. I'm excited to share the details of the strategic deal that closed this past week. We raised $50 million in gross proceeds through a private placement of common stock at $3.25 per share. The private placement was anchored and backstopped by David Hoffman, with additional existing investors also particip ...

As a result, we are executing our first decisive step to sharpen our focus on categories and brands in key markets where we can leverage our organizational strength. On February 2, we announced that we reached a definitive agreement to sell our North American snacks business to Snackrupters, a family-owned manufacturer of food and baked goods in Canada, for $115 million in cash. Proceeds from the transaction will be used to reduce debt, thereby strengthening our company's financial position and leverage pro ...

Well, it's official. Bergkshire Hathway is acquiring accidental chemical business Oxy Chem. It's an allcash transaction.It's valued at $9.7% billion, and this is Bergkshire's biggest purchase since 2022. Joining us right now is Vicky Holliff. She is Accidental Petroleum CEO.And Vicki, first of all, thanks for being here this morning. We appreciate it. >> Thank you.I appreciate the opportunity, Becky. >> Let's talk a little bit about this deal, how it came together, and $9.7% billion in cash. What do you pla ...