Snake River Sugar Company signed an agreement to acquire the remaining stake in The Amalgamated Sugar Company LLC from Valhi, Inc. (NYSE:VHI) for approximately $260 million on May 30, 2018. The consideration consists of $12.5 million in cash and the deemed payment in full of $250 million in loans owed by Valhi, Inc. to Snake River Sugar Company. The loans include certain limited recourse promissory Note in the principal amount of $212.5 million dated January 3, 1997 and certain subordinated promissory note in the principal amount of $37.5 million dated January 3, 1997. The transaction is subject to Snake River Sugar Company obtaining any and all required consents of the secured lenders of Snake River Sugar Company and The Amalgamated Sugar Company LLC, duly executed amendments to the current credit agreements and related documents of Snake River Sugar Company and The Amalgamated Sugar Company LLC permitting the transaction and refinancing of the secured debt of Snake River Sugar Company and The Amalgamated Sugar Company LLC. The transaction is expected to be completed on August 31, 2018. Paul M. Boyd of Stoel Rives LLP acted as legal advisor for Snake River Sugar Company and The Amalgamated Sugar Company LLC. Snake River Sugar Company completed the acquisition of the remaining stake in The Amalgamated Sugar Company LLC from Valhi, Inc. (NYSE:VHI) on August 31, 2018. All the conditions precedent specified in the agreement have been satisfied.