Calgary-Agrium Inc. said Jan. 21 that the Commissioner of Competition appointed pursuant to the Competition Act (Canada) has issued a “no-action” letter in respect of Agrium’s previously announced agreement for the acquisition of all of the outstanding common stock of UAP Holding Corp. by a wholly-owned subsidiary of Agrium. The receipt of the “no-action” letter satisfies the Competition Act condition under the agreement. The tender offer is scheduled to expire at midnight, New York City time, on Monday, Feb. 25, 2008, unless the tender offer is extended. Agrium is still awaiting approval by U.S. regulatory authorities (GM Jan. 21, p. 1).
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