Agricore United (AU) and Saskatchewan Wheat Pool Inc. (SWP) announce that AU has agreed to support a revised all cash offer from SWP to acquire all of the limited voting common shares of AU for $20.50 per share.Agricore United Agricore United was a farmer-directed agri-business in Canada. It supplied crop nutrition and crop protection products, and offered grain handling and marketing services. It was created on November 1, 2001 by the merger of Agricore and United Grain Growers. (AU) and Saskatchewan Wheat Pool Inc. (SWP SWP Socialist Workers Party SWP Stiftung Wissenschaft und Politik (German Institute for International Politics and Security) SWP Swap File (extension) SWP State Water Project ) announce that AU has agreed to support a revised all cash offer from SWP to acquire all of the limited voting common shares of AU for $20.50 per share. The transaction has a total enterprise value of approximately $1.8 billion. The amended and restated acquisition agreement entered into between AU and James Richardson Int'l on April 19, 2007 provided for JRI's offer to acquire the limited voting common shares of AU at a price of $19.25 per share, was terminated. JRI JRI Journaliste Reporter d'Images (French: Image Reporter Journaliste) JRI John Ray Initiative JRI James Redford Institute for Transplant Awareness (Los Angeles, CA) has also waived its "right to match" the revised SWP offer. Accordingly, as per the terms of the JRI Acquisition Agreement, AU will pay a termination fee termination fee The one-time charge for terminating or transferring an individual retirement account. If a financial institution charges a termination fee, the fee must be spelled out in the original agreement that is signed when the account is opened. of $35 million to JRI. Additionally, JRI has agreed to acquire certain AU grain elevator locations and crop input centres throughout Manitoba, Saskatchewan and Alberta. |
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