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Agrium completes UAP purchase

The Canadian agricultural products company, Agrium (Calgary, Alberta), has completed its acquisition of the major US agrochemical distributor, United Agri Products (UAP - Greeley, Colorado). Agrium acquired some 52.2 million UAP shares at $39/share when the latest tender offer expired on May 2nd. Prior to the deal being completed, Agrium had agreed to divest seven of some 370 retail centres to address antitrust concerns ( Agrow No 542, p 1).

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