May 19, 2017 / 6:49 PM / 5 months ago

BRIEF-Itafos to acquire Stonegate Agricom by way of plan of arrangement

May 19 (Reuters) - Stonegate Agricom Ltd

* Itafos to acquire Stonegate Agricom Ltd. by way of plan of arrangement

* Itafos would acquire all of issued and outstanding common shares of Stonegate not already owned directly or indirectly by it

* Stonegate Agricom ltd says each shareholder of Stonegate will receive 0.008 of an ordinary share of itafos for each stonegate share held

* Itafos anticipates issuing an aggregate of approximately 3 mnl Itafos shares to stonegate shareholders pursuant to arrangement

* In connection with arrangement, all outstanding options of stonegate will be cancelled

* If arrangement is completed, Stonegate shares will be delisted from TSX

* Stonegate special committee unanimously recommended that board of directors of Stonegate approve arrangement Source text for Eikon: Further company coverage:

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