AWB Limited (ASX: AWB) and Agrium Inc. (NYSE: AGU): big changes ahead

AWB aggreed to Agrium's AUS $ 1,2 biilion proposal

In brief: The deal between AWB Limited (ASX: AWB) and Agrium Inc. (NYSE: AGU) will allow companies to reach a new level.

AWB Limited (ASX: AWB) accepted the generous offer by Agrium Inc. (NYSE: AGU). Absorption of AWB Limited (ASX: AWB) will be taken in the coming weeks, according to informed sources.

Canadian fertilizer producer Agrium reports it bypassed its rival GrainCorp offering AUS $ 1,2 billion ($ 1.1 billion) in cash for AWB, Australia’s largest grain exporter. It is reported that the AWB board initially viewed Agrium’s offer more advantageous than GrainCorp.’s. It is worth noting the purchase will allow AWB Agrium to increase sales of fertilizers and herbicides.

Dmitriy Srebnev
2010-08-20 16:23, Economics.

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