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BRIEF-AGT Food and Ingredients Updates On Management Buyout Proposal

Published 2018-10-01, 11:45 a/m
Updated 2018-10-01, 11:50 a/m
BRIEF-AGT Food and Ingredients Updates On Management Buyout Proposal

Oct 1 (Reuters) - AGT Food and Ingredients Inc AGT.TO :

* AGT FOOD AND INGREDIENTS PROVIDES UPDATE ON SPECIAL COMMITTEE PROCESS FOR MANAGEMENT BUYOUT PROPOSAL

* AGT FOOD AND INGREDIENTS INC - AT THIS TIME, NO BINDING AGREEMENT FOR PROPOSED TRANSACTION HAS BEEN ENTERED INTO BY COMPANY OR BUYER GROUP

* AGT FOOD AND INGREDIENTS - BUYER GROUP HAS REAFFIRMED TO SPECIAL COMMITTEE THAT IT IS PREPARED TO PROCEED WITH PROPOSED TRANSACTION AT $18 PER SHARE

* AGT FOOD AND INGREDIENTS INC - CO, BUYER GROUP HAVE AGREED TO EXTEND PREVIOUSLY ANNOUNCED COOPERATION AGREEMENT

* AGT FOOD AND INGREDIENTS INC - DETERMINED THAT IT WOULD BE PREPARED TO SUPPORT GOING PRIVATE TRANSACTION FROM BUYER GROUP AT A PRICE OF C$18 PER SHARE

* AGT FOOD AND INGREDIENTS INC - NEITHER SPECIAL COMMITTEE NOR BOARD OF DIRECTORS OF AGT HAS APPROVED PROPOSED TRANSACTION

* AGT FOOD AND INGREDIENTS INC - NEITHER SPECIAL COMMITTEE NOR BOARD OF AGT HAS APPROVED PROPOSED TRANSACTION

* AGT FOOD AND INGREDIENTS - SPECIAL COMMITTEE HAS UNANIMOUSLY DETERMINED TO RECOMMEND THAT SHAREHOLDERS OF AGT VOTE IN FAVOUR OF PROPOSED TRANSACTION

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