Source: Agrium


Agrium Inc. submitted a fully financed proposal to acquire AWB Limited at a price of A$1.50 per AWB share. The proposal represents a 57 percent premium to the trading price of A$0.955 on July 29, 2010 (Australia time), which was just prior to the Graincorp merger announcement. Agrium's proposal was sent to the AWB Board on Aug. 14, 2010, (Australia time) and represents attractive value and cash certainty for AWB's shareholders.


Agrium is in discussions with AWB with the intention of agreeing to a proposal that the AWB Board would recommend to its shareholders.


More information