CropLife e-News

Agrium-UAP Deal Takes Next Step

Agrium Inc. hopes to complete its acquisition of UAP Holding Corp. by early May.

Agrium has reached an agreement with staff of the Federal Trade Commission (FTC) on the terms of a Consent Decree, according to a company press release. The company is undertaking the divestiture of up to seven retail centers (out of a total of approximately 370 stores) identified by the FTC staff as areas of concern.

The Consent Decree would allow for the closing of the acquisition prior to finalizing the divestiture of these outlets. The Consent Decree is subject to approval of the FTC Commissioners who will be reviewing the matter.

Agrium first announced its intent to purchase UAP on Dec. 3, 2007.