The fertilizer company Agrium says it will pay more than $1 billion, for Australian grain producer AWB, it's second recent attempt at a major buyout.
The offer, for $1.34 per share, is an attempt to swipe AWB from GrainCorp. Ltd., which has already made a bid for the company.
Agrium lost its hostile takeover attempt of CF Industries.
Agrium Inc. said Monday the per-share price is a 57 percent premium to AWB's trading price on July 29, before AWB Ltd. agreed to a tie-up with GrainCorp.
The deal, worth $1.23 billion in Australian dollars, or $1.50 per share, would require the unanimous support of AWB's board.
Agrium, one of the largest fertilizer makers in North America, is based in Calgary, Alberta.
