Deadline extended for AGI, Westeel deal

by World Grain Staff
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WINNIPEG, MANITOBA, CANADA — Ag Growth International Inc. (AGI) announced on April 21 that it has reached an agreement to extend the date for completion of its acquisition of substantially all of the assets of Vicwest’s Westeel division and Kingspan.
 
The date was extended from April 30 to May 20 as a result of continued discussions with the Canadian Competition Bureau. The discussions are not expected to be completed by April 30.
 
If the approval of the bureau is obtained and other conditions are satisfied or waived, AGI said it is confident that the arrangement can be completed on or before May 20.
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