NYSE, UVV - Universal Corp
We are one of the world?s leading leaf tobacco merchants and processors, based
on volumes handled by our subsidiaries and affiliates. Previously, we also had
lumber and building products and agri-products operations; however, we sold the
lumber and building product operations, along with a portion of our
agri-products operations, on September 1, 2006. In December 2006, we adopted a
plan to sell the remaining agri-products operations. One of those agri-products
businesses was sold in January 2007, and one was sold in May 2007. The remaining
agri-product operations are held for sale. We report the assets and liabilities
of the lumber and building products and agri-products businesses as discontinued
operations for all periods in the accompanying financial statements. Our
worldwide tobacco business, which has been our principal focus since our
founding in 1918, now represents our continuing operations. ...
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