Agrium receives final regulatory approval, will accept tendered shares

New York, May 1 - Agrium Inc. said it received the final approval needed under the Hart-Scott-Rodino antitrust improvements act and will be able to accept for payment tendered shares of UAP Holding Corp. at the deadline of the tender offer.

Agrium said the Federal Trade Commission has accepted for public comment the consent decree agreed between Agrium and the commission staff.

In addition, early termination of the waiting period under the Hart-Scott-Rodino act has been received.

The tender for UAP shares ends at midnight ET on May 2.

Agrium agreed to acquire UAP Holding for $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.

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