Winnipeg-Agricore United said Feb. 9 that its board of directors is recommending shareholders continue to reject the revised offers from Saskatchewan Wheat Pool Inc. (GM Jan. 29, p. 14). AU said the revised offers remain financially inadequate, significantly undervalue AU, continue to be subject to significant risks, and are not in the best interest of AU or its shareholders. AU said SaskPool’s adding of a small cash component to the offer does not change the fact that the offer significantly undervalues the company.
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