Facing Antitrust Scrutiny, Agrium Yanks UAP Proposal

Law360, New York (January 15, 2008, 12:00 AM EST) -- In a tactical move designed to sidestep a request for additional information by federal antitrust regulators, Agrium Inc. said Monday it had withdrawn its notification of a proposed takeover of UAP Holding Corp. and would refile it within the month.

The Canadian retail supplier of agricultural products and services said it had decided to make the strategic move in order to allow more time for the U.S. Federal Trade Commission to review the proposed acquisition under the Hart-Scott-Rodino Antitrust Improvements Act.

The proposed merger has already...
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