Seaboard Corporation (NYSEAM:SEB) announces a share repurchase program. Under the program, the company will repurchase up to 189,724 shares for $600 million at $3,162.5 per share. The shares will be repurchased from entities affiliated with Ellen S. Bresky, the Chairwoman of the Board of Directors of Seaboard, and other members of the Bresky family (collectively, the Bresky Group).

The program will be funded from cash on hand, cash from the sale of marketable securities and a draw on company's existing credit facilities. The repurchased share will be retired. The plan will be valid till October 10, 2023.