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Old 12-03-2007, 03:09 PM
Bandit 1 Bandit 1 is offline
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UAP purchased by Agrium

UAP was purchased today

Agrium growing into biggest farm input seller with US$2.65B purchase of UAP (Agrium)
December 3, 2007
CALGARY _ Feasting on hearty agricultural markets, Agrium Inc. (TSX:AGU) has agreed to buy UAP Holding Corp. (NASDAQ:UAPH) in a US$2.65-billion deal creating the biggest farm-inputs retailer in North America.Agrium announced Monday it is offering US$39 per share in cash for UAP, a premium of 30 per cent over Friday`s closing price on the Nasdaq marker.The $2.65-billion transaction, which includes $487 million of assumed debt, follows the $590.5-million takeover of U.S. farm-supply provider Royst
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Old 12-03-2007, 06:01 PM
Hissing Cobra Hissing Cobra is offline
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I saw that today too. They're going to inherit $487 MILLION in debt too. NOT GOOD!
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Old 12-03-2007, 06:39 PM
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ampeg76 ampeg76 is offline
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price spike to follow
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Old 12-03-2007, 07:39 PM
Hissing Cobra Hissing Cobra is offline
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Quote:
Originally Posted by ampeg76 View Post
price spike to follow
Definitely.
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