Agrium again extends tender offer for UAP Holding stock

By Devika Patel

Knoxville, Tenn., Jan. 18 - Agrium Inc. once more extended its $39-per-share tender offer for all of the common stock of UAP Holding Corp. to midnight ET on Feb. 25 from midnight ET on Jan. 17.

The company initially extended the offer on Jan. 9 from midnight ET on Jan. 8.

The company said in a news release that, as of midnight ET on Jan. 17, 35.8 million shares of UAP Holding's stock had been tendered.

The offer was extended because not all of the closing conditions have been met and the Hart-Scott-Rodino waiting period has not yet expired.

As previously reported, on Dec. 3, Agrium announced its agreement to acquire UAP Holding in a deal valued at $2.65 billion, including debt.

UAP Holding, located in Greeley, Colo., is the holding company of UAP Inc., an independent distributor of agricultural and non-crop products in the United States and Canada.

Agrium is a retail supplier of agricultural products and services in North America and South America and a producer of agricultural nutrients and industrial products. The company is based in Calgary, Alta.

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