AgJunction: AgJunction Inc. Completes Plan of Arrangement

SCOTTSDALE, Ariz., Dec. 07, 2021 (GLOBE NEWSWIRE) -- AgJunction Inc. (TSX:AJX) ("AgJunction" or the "Corporation") is pleased to announce that it has completed its previously announced plan of arrangement (the "Arrangement") pursuant to which, among other things, Kubota Canada Ltd. (the "Purchaser"), a wholly-owned subsidiary of Kubota Corporation, acquired all the issued and outstanding common shares of AgJunction ("AgJunction Shares") for cash consideration of CAD $0.75 per AgJunction Share. The AgJunction Shares are expected to be delisted from the Toronto Stock Exchange within two business days. AgJunction will also apply to cease to be a reporting issuer in all provinces of Canada. Further details regarding the Arrangement are included in AgJunction's information circular and proxy statement dated October 21, 2021, a copy of which is available under AgJunction's profile on SEDAR at www.sedar.com. Required Early Warning Report Information Following completion of the Arrangement, the Purchaser will have beneficial ownership and control over 100% of the issued and outstanding AgJunction Shares. Prior to the Arrangement, the Purchaser held no AgJunction Shares. The head address of the Purchaser is 5900 14th Avenue Markham, Ontario L3S 4K4. This press release is being issued, in part, pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues which requires a report ...Full story available on Benzinga.com