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Tuesday, September 18, 2012

Agrium sees purchase of Viterra stores by early 2013, (NYSE: AGU), (TSE: AGU.TO)

Agrium Inc expects to complete its purchase of the bulk of Viterra Inc's Canadian and Australian farm supply stores by the end of 2012 or early 2013, Agrium Chief Executive Mike Wilson said on Tuesday.Agrium, the biggest U.S. farm retail supplier, is paying C$575 million ($593 million) for the stores, which sell seed, chemicals and fertilizer to farmers.Agrium will purchase the stores from Swiss-based Glencore International Plc, which is expected to complete its takeover of Viterra this month.Privately held Canadian grain handler Richardson International Ltd is buying some of Viterra's grain-handling elevators and crop-processing sites once Glencore's takeover is complete.

Agrium Inc. (Agrium), incorporated on December 21, 1992, is a global producer and marketer of nutrients for agricultural and industrial markets. Shares of AGU traded higher by 0.06% or $0.06/share to $102.63. In the past year, the shares have traded as low as $60.15 and as high as $106.10. On average, 1068060 shares of AGU exchange hands on a given day and today's volume is recorded at 427490.

Agrium Inc. (Agrium), incorporated on December 21, 1992, is a global producer and marketer of nutrients for agricultural and industrial markets. Shares of AGU fell by 0.05% or $-0.05/share to $99.96. In the past year, the shares have traded as low as $63.93 and as high as $102.71. On average, 762111 shares of AGU.TO exchange hands on a given day and today's volume is recorded at 395995.



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