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BRIEF-Agt Food And Ingredients Announces Agreement For Going Private Transaction At C$18.00 Per Share

Published 2018-12-04, 12:24 p/m
Updated 2018-12-04, 12:30 p/m
BRIEF-Agt Food And Ingredients Announces Agreement For Going Private Transaction At C$18.00 Per Share

Dec 4 (Reuters) - AGT Food and Ingredients Inc AGT.TO :

* AGT FOOD AND INGREDIENTS ANNOUNCES DEFINITIVE AGREEMENT FOR GOING PRIVATE TRANSACTION AT C$18.00 PER SHARE

* AGT FOOD AND INGREDIENTS INC - ARRANGEMENT AGREEMENT DOES NOT REQUIRE BUYER GROUP TO PAY AGT A REVERSE TERMINATION FEE UNDER ANY CIRCUMSTANCES

* AGT FOOD AND INGREDIENTS INC - FAIRFAX HAS PROVIDED AGT WITH A BINDING COMMITMENT LETTER

* AGT FOOD AND INGREDIENTS INC - MUST PAY BUYER GROUP A TERMINATION FEE OF $11.5 MILLION IN CERTAIN CIRCUMSTANCES

* AGT FOOD AND INGREDIENTS - EFFECTIVE IMMEDIATELY, WILL CEASE PAYING ANY FURTHER DIVIDENDS ON COMMON SHARES, WHETHER OR NOT TRANSACTION IS CONSUMMATED

* AGT FOOD AND INGREDIENTS - PURSUANT TO COMMITMENT LETTER, FAIRFAX TO GIVE PURCHASER FUNDS NEEDED FOR BUYER TO ACQUIRE ALL SHARES

* AGT FOOD AND INGREDIENTS INC - EFFECTIVE IMMEDIATELY, AGT WILL CEASE PAYING ANY FURTHER DIVIDENDS ON ITS COMMON SHARES

* AGT FOOD AND INGREDIENTS - GROUP LED BY MURAD AL-KATIB, INCLUDING FAIRFAX FINANCIAL HOLDINGS LIMITED & POINT NORTH CAPITAL WILL BUY ALL SHARES OF CO

Latest comments

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woo hoo. I bought this 4 days ago for 15.30. I was thinking medium term hold but I'll take the money and run
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