Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Agrium Inc. > News item |
Agrium, UAP merger clears Canadian regulatory hurdle
By Lisa Kerner
Charlotte, N.C., Jan. 22 - The Canadian Commissioner of Competition approved the proposed merger of Agrium Inc. and UAP Holding Corp.
Agrium said the receipt of the commission's "no-action" letter satisfies the Competition Act condition under the companies' merger agreement.
As previously reported, Agrium extended its $39-per-share tender offer for all of the common stock of UAP Holding to midnight ET on Feb. 25, from midnight ET on Jan. 17, because not all of the closing conditions had been met.
On Dec. 3, Agrium agreed to acquire UAP Holding in a deal valued at $2.65 billion, including debt.
UAP Holding, located in Greeley, Colo., is the holding company of UAP Inc., an independent distributor of agricultural and non-crop products in the United States and Canada.
Agrium is a retail supplier of agricultural products and services in North America and South America and a producer of agricultural nutrients and industrial products. The company is based in Calgary, Alta.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.