Sept 14 (Reuters) - Legumex Walker Inc LWP.TO :
* Announces sale of special crops division to the scoular company
* Says deal for C$94 million
* Says sale represents a CAD$174.6 million transaction value for lwi, based on
lwi's working capital as at June 30, 2015.
* Says transaction has been approved unanimously by lwi's board of directors
* Says scoular owns a $16.5 million convertible debenture of the company, but
does not own any shares of the company
* Termination due to superior proposal,failure of shareholders to approve
transaction to trigger payment by co of $6 million to scoular
* Special crops division sale to allow co to wind up operations,return to its
shareholders net proceeds of sale of special crops division
* Following sale, co expects, after repayment of all obligations, to distribute
a per share amount in the range of $2.50 to $2.75
* Co's common shares expected to cease trading and be delisted from the Toronto
stock exchange within a month following court approval
* Source text for Eikon ID:nCNW5vNJga
* Further company coverage LWP.TO