Navigate this market better. Subscribe for FREE stock alerts and information.

Monday, February 11, 2013

Fertilizer company Hanfeng to go private, (NYSE: AGU), (TSE: AGU.TO), (TSE: HF.TO)

The chief executive of Canadian fertilizer company Hanfeng Evergreen Inc plans to take it private, agreeing to purchase the nearly 80 percent of shares he does not already own. Hanfeng said in a statement on Monday that Agrium Inc , a much larger Canadian fertilizer company and holder of about 20 percent of Hanfeng's stock, has agreed to vote its shares in favor of the deal.

Agrium Inc. (Agrium), is a global producer and marketer of nutrients for agricultural and industrial markets. Shares of AGU fell by 0.37% or $-0.42/share to $113.97. In the past year, the shares have traded as low as $74.28 and as high as $115.31. On average, 646871 shares of AGU exchange hands on a given day and today's volume is recorded at 35847.

Agrium Inc. (Agrium), is a global producer and marketer of nutrients for agricultural and industrial markets. Shares of AGU traded higher by 0.1% or $0.12/share to $114.92. In the past year, the shares have traded as low as $77.50 and as high as $116.38. On average, 488889 shares of AGU.TO exchange hands on a given day and today's volume is recorded at 58988.

Hanfeng Evergreen Inc. (Hanfeng) is a producer and supplier of value-added fertilizer solutions. Shares of HF remained unchanged at $2.16. In the past year, the shares have traded as low as $1.30 and as high as $3.05. On average, 38019 shares of HF.TO exchange hands on a given day and today's volume is recorded at 0.



Source