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Agrium purchases UAP.

Publication: Feedstuffs
Publication Date: 10-DEC-07
Format: Online
Delivery: Immediate Online Access
Full Article Title: Agrium purchases UAP.(Business)(United Agri Products Inc.)

Article Excerpt
Key Points

* Transaction valued at about $2.65 billion.

* Deal creates largest North American retailer of crop inputs and services.

* Deal expected to close early 2008.

CALGARY, Alb.-based Agrium, the world's number-three nitrogen producer, has entered into a friendly, definitive agreement to acquire UAP.

The acquisition will make Agrium the largest North American retailer of crop inputs and services with a market share of almost 15%.

Under the agreement, a wholly owned subsidiary of Agrium will commence a tender offer to purchase all of the outstanding common stock of UAP for $39 per share in cash for an...

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