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on August 18, 2010

AgFeed to purchase M2P2, buy back stock

Company will pay $16 million in cash and stock

AgFeed Industries Inc. finalized the conditions of its purchase of M2P2 LLC.

AgFeed will pay $26 million in consideration, including $16 million in cash and stock and a 10-year seller note. The company will buy back up to $5 million in stock.

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