in this issue
Regions :: North America :: Canada
Agrium buying back 8.72 million shares
1:06 PM MDT | October 22, 2012 | Vincent Valk
Agrium said today it will buy back 8.72 million shares, 5.5% of total share’s outstanding, at a price of C$103/share ($104/share). The buyback, which took the form of a substantial issuer bid—in which Agrium bid for its own shares—represents a 1% discount on Agrium’s closing price on the Toronto Stock Exchange as of 19 October. The consideration paid will total C$900 million ($905 million). The buyback is “a means to return the excess capital from the agreement to sell the minority interest in the Medicine Hat nitrogen...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be: