THE AWB board has recommended Agrium's proposed acquisition to AWB shareholders.
Under the terms of the agreement for Agrium to acquire AWB, a price of $1.50 a share is being offered.
"We are pleased with the AWB board's decision to support our offer and expect the transaction will bring immediate value to both AWB and Agrium stakeholders," said Agrium president Mike Wilson.
"We are excited about the opportunity to work with AWB employees to build on the solid relationship that AWB has already developed with customers," he said.
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