Regina-Saskatchewan Wheat Pool Inc. said March 7 that it is extending the expiry date of its offers to acquire all outstanding limited common voting shares and series A convertible preferred shares of Agricore United. The offers, which were to expire on March 7, 2007, are now open until 5 pm (Toronto time) on April 11, 2007, unless further extended or withdrawn. “We have been making progress with the regulatory review process and are currently assessing our next steps in light of the Feb. 21, 2007 bid by James Richardson International Ltd. and the Ontario Teachers’ Pension Plan for Agricore,” said Mayo Schmidt SaskPool president and CEO. “We expect to be in a position to provide additional detail to all stakeholders in the coming weeks.” Some analysts have suggested that SaskPool’s recently announced earnings (GM March 5, p. 13) which were positive, might bolster its chances of acquiring Agricore.
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