Agrium Inc. has reached an agreement in principle with Imperial Oil to acquire its Western Canadian fertilizer distribution assets.Agrium Inc. has reached an agreement in principle with Imperial Oil to acquire its Western Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. fertilizer fertilizer, organic or inorganic material containing one or more of the nutrients—mainly nitrogen, phosphorus, and potassium, and other essential elements required for plant growth. distribution assets. Under the agreement, Agrium will acquire the fertilizer storage and distribution assets and associated long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. leases for land at more than 190 independently operated retail locations. The agreement also includes exclusive fertilizer supply agreements with the independent operators. The purchase price of $22 million will be funded from cash on hand. The transaction is expected to close in the third quarter of 2005, subject to a definitive purchase and sale agreement, due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and regulatory approval. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion