Agrium completes C$1.52 billion acquisition of AWB
Date Closed
December 3, 2010
Lead Office
Toronto
Value
1.52 Billion CAD
On December 3, 2010, Agrium Inc. announced that it has successfully completed its acquisition of AWB Limited (“AWB”) at a price of A$1.50 per share in cash (purchase price of A$1.236-billion) as agreed to in the Scheme of Arrangement, including the A$0.15 per share franked dividend paid on November 30, 2010.
The Landmark business is a leading agricultural retailer in Australia, with over 200 company operated retail locations, over 140 additional retail franchise and wholesale customer locations in Australia and investments in various related joint venture companies. With regard to the Commodity Management operations, Agrium has not had direct participation in the grain handling and trading business to date. We continue to evaluate our options with respect to this business and we expect to provide clarity on this in the near future. Agrium expects the acquisition of AWB to be accretive in 2011.
McCarthy Tétrault LLP represented Agrium, the acquiror, with a team led by Garth Girvan.