Dreyfus on Agrenco Takeover: “We Won’t Be Ready ‘Til We’re Ready”

A follow-up to today’s Material Event from Agrenco with respect to an anticipated bailoutby Dreyfus. Source: Plantão Empresas. Dreyfus issues the following response to

• Agrenco-LDC: Disclosure of a Material Non-Event?

Com relacao ao comunicado da Agrenco aos mercados datada de 9 de julho de 2008, a LDC, atendendo a expressa solicitacao da Agrenco, informa que continua a envidar seus melhores esforcos, incluindo no que diz respeito ao processo de due diligence, com a mesma elevada intensidade, no sentido de ser capaz de informar a Agrenco quanto a sua intencao de concretizar ou nao a operacao objeto do MOU, antes do prazo nele fixado. A luz das informacoes que se tornaram disponiveis
nesta data, a LDC nao podera precisar quando estara em posicao de prover tal informacao, a qual tambem depende das acoes e diligencias da Agrenco que estao em andamento.”

With respect to Agrenco’s disclosure of a Material Event to the market on July 9, 2008, LDC, at Agrenco’s express request, affirms that it continues to do its utmost to be able to inform Agrenco of whether or not it intends to enter into the tranaction contemplated by the MOU within the time frame contemplated therein. In light of information that has come into its possession to date, LDC cannot state specifically when it will be in a position to provide such information, which also depends on actions by Agrenco and due diligence that are ongoing.