Agrium's acquisition of AWB receives approval

by World Grain Staff
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MELBOURNE, AUSTRALIA — AWB Limited announced on Nov. 17 that the Supreme Court of Victoria has made orders approving the proposal under which Agrium Inc. would acquire AWB.

The court orders will be lodged with the Australian Securities and Investments Commission and the Australian Securities Exchange on Nov. 19, at which time the proposal will become legally effective.

AWB’s shares will be suspended from trading at the close of trading on Nov. 19.

AWB shareholders will receive a fully franked special dividend of 15¢ per share and scheme consideration of $1.35 cash per share.

The key dates with respect to payment of the special dividend and scheme consideration and implementation of the Scheme are as follows:

Nov. 19 — AWB shares suspended from trading on ASX at close of trading.

Nov. 25, 7 p.m. (Melbourne time) — Special dividend record date.

Nov. 30 — Payment of special dividend.

Dec. 1, 5 p.m. (Melbourne time) — Scheme consideration record date.

Dec. 3 — Implementation date: Payment of scheme consideration and AWB shares transferred to Agrium Inc.
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