Alliance Grain Traders to acquire Pulse Depot
(World-Grain.com, June 04, 2008)
by World Grain Staff
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TORONTO, ONTARIO, CANADA — Alliance Grain Traders Income Fund announced June 3 that its operating company, Alliance Pulse Processors Inc., entered into a letter of intent to acquire Pulse Depot, a pulse and special crops processor located in Rosetown, Saskatchewan, Canada.
"This acquisition will further solidify the Fund's position in a key growing region for pulses in Saskatchewan," explained Murad Al-Katib, president and chief executive officer of Alliance and chairman of the board of trustees of the fund. "Rosetown and the surrounding area is emerging as a growth area for both red and green lentils. Pulse Depot is well-located to capitalize on rail freight options with Canadian National Railways, which is expected to make more transport capacity available to the fund."
Alliance said the acquisition may be structured either as a purchase of all of the issued and outstanding shares of Pulse Depot or a purchase of all of the business and assets of Pulse Depot, as the shareholders of Pulse Depot may determine. Completion of the transaction will be subject to a number of conditions. The transaction is scheduled to close on or about Aug. 1, the company said.
(World-Grain.com, June 04, 2008)
by World Grain Staff
--------------------------------------------------------------------------------
TORONTO, ONTARIO, CANADA — Alliance Grain Traders Income Fund announced June 3 that its operating company, Alliance Pulse Processors Inc., entered into a letter of intent to acquire Pulse Depot, a pulse and special crops processor located in Rosetown, Saskatchewan, Canada.
"This acquisition will further solidify the Fund's position in a key growing region for pulses in Saskatchewan," explained Murad Al-Katib, president and chief executive officer of Alliance and chairman of the board of trustees of the fund. "Rosetown and the surrounding area is emerging as a growth area for both red and green lentils. Pulse Depot is well-located to capitalize on rail freight options with Canadian National Railways, which is expected to make more transport capacity available to the fund."
Alliance said the acquisition may be structured either as a purchase of all of the issued and outstanding shares of Pulse Depot or a purchase of all of the business and assets of Pulse Depot, as the shareholders of Pulse Depot may determine. Completion of the transaction will be subject to a number of conditions. The transaction is scheduled to close on or about Aug. 1, the company said.
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