News Column

Canada : CWB to take over GST's common stock, worth $581.98 each share

June 26, 2014

Great Sandhills Terminal Ltd. (GST) and the Canadian Wheat Board (CWB) recently declared that they have engaged into an deal through which CWB would acquire all of GST's common stock for $581.98 per share.

During the meeting anticipated to be conducted in Aug, board of GST would look out for shareholders permit and the attainment will cover GST's high-throughput grain handling facility near Leader, Saskatchewan, and a majority stake in Great Sandhills Railway, a short line that operates 122 miles of track between Swift Current and Burstall, Saskatchewan.

"This purchase strengthens our growing network of assets across Western Canada and provides the opportunity for an ongoing farmer ownership stake in GST through our Farmer Equity Plan," said CWB President and Chief Executive Officer Ian White. "CWB and Great Sandhills Terminal have worked very well together for many years providing farmers with valuable marketing options."

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Source: TendersInfo (India)

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