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Fertilizer seller Agrium (AGU Quote) said Monday that it plans to buy UAP Holding (UAPH Quote) for $39 a share, or roughly $2.2 billion.
Agrium will also assume $487 million of debt, taking the total transaction value to $2.65 billion.
UAP markets chemicals, fertilizer and seed to farmers, commercial growers and regional dealers. After the agreement was announced, its shares jumped 29% to $38.50. Agrium was slipping 4 cents to $57.80. ...
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