May 19 (Reuters) - Stonegate Agricom Ltd ST.TO
* Itafos to acquire Stonegate Agricom Ltd. by way of plan of arrangement
* Itafos would acquire all of issued and outstanding common shares of Stonegate not already owned directly or indirectly by it
* Stonegate Agricom ltd says each shareholder of Stonegate will receive 0.008 of an ordinary share of itafos for each stonegate share held
* Itafos anticipates issuing an aggregate of approximately 3 mnl Itafos shares to stonegate shareholders pursuant to arrangement
* In connection with arrangement, all outstanding options of stonegate will be cancelled
* If arrangement is completed, Stonegate shares will be delisted from TSX
* Stonegate special committee unanimously recommended that board of directors of Stonegate approve arrangement Source text for Eikon: ID:nCNWz2PDFa Further company coverage: ST.TO