Alico, Inc. | Stephens

Who We Are

What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

About Us

We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.

The Stephens Story

The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.


Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.

Impact Initiatives

We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

Our Brand Ambassadors

Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.

Making Connections

We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.

Back to transactions
Sole Dealer Manager

Alico, Inc.

$25.6 Million 10/04/2018 Food & Agribusiness Complete
Public Companies
Show Tombstone

Transaction Details

  • On October 4, 2018, Alico, Inc. (“Alico” or the “Company”) announced the preliminary results of its issuer tender offer to purchase up to $20.0 million of Alico shares at a purchase price of $34.00 per share
  • Approximately 4,775,863 shares were properly tendered and not withdrawn, based on the preliminary count by the Depositary
  • Alico expects to acquire 752,234 shares, representing approximately 9.2% of the total shares outstanding, at a price of $34.00 per share, for an aggregate cost of approximately $25.6 million
  • Included in the 752,234 shares are 164,000 shares that Alico elected to purchase pursuant to its right to purchase up to an additional 2% of total shares outstanding
  • The preliminary proration factor for the tender offer is approximately 14.2%
  • Stephens Inc. served as Sole Dealer Manager for the tender offer

About the company

Alico, Inc. (Nasdaq: ALCO) is a Florida agribusiness and land management company that owns and manages approximately 122,000 acres devoted to citrus, cattle, farming, conservation and natural resources. The Company’s subsidiary, Alico Citrus, is the largest citrus producer in the United States, and sold 7.6 million boxes of oranges and other citrus fruits in 2017. Alico also engages in complimentary activities including contracting for harvesting, hauling and marketing and the purchase and resale of fruit.

Sources: Company filings, press release and website.
  1. This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.

    The tender offer for these securities is being made only by means of a Tender Offer Statement on Schedule TO, including an offer to purchase, a letter of transmittal and related materials, copies of which may be obtained from the Securities and Exchange Commission’s website at at the following link:, as amended by