Landec Unit Increases Investment In Windset - Quick Facts

(RTTNews) - Polymer products company Landec Corp. (LNDC) Friday announced that its subsidiary, Apio, Inc., has increased its equity investment in Windset Holdings 2010 Ltd., by buying 15,857 shares of non-voting Junior Preferred Stock.

The stock represents 8.5% of the outstanding Junior Preferred Stock and an additional 68 shares of Common Stock from the Newell Capital Corp.

The purchase of the 68 shares of Common Stock of Windset represents an additional 6.8% share in Apio's ownership in Windset and increases Apio's total Common Stock ownership in Windset from 20.1% to 26.9%.

The aggregate purchase price for the Junior Preferred Stock and the additional Common Stock was $11.0 million.