Rabobank to acquire US agriculture firm

Rabobank Group has agreed to acquire Ag Services (AG) of America Inc in a bid valuing the US company at $47m (€40.5m).

Rabobank to acquire US agriculture firm
Mon, 03 Nov, 2003 - 14:44

Rabobank Group has agreed to acquire Ag Services (AG) of America Inc in a bid valuing the US company at $47m (€40.5m).

Rabobank is bidding $8.50 per share for AG, a premium of 39 % on Friday's closing price. The takeover will be financed with existing funds.

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CourtsHeathrowPlace: USPlace: IowaPlace: IrelandOrganisation: RabobankOrganisation: Rabobank GroupOrganisation: Ag Services (AG) of America IncOrganisation: AG ServicesOrganisation: ACC BankOrganisation: ACCBankOrganisation: IFSC
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