July 25, 2017 / 3:20 PM / in 2 months

BUZZ-AGT Food and Ingredients Inc: shares soar on investment by Fairfax

** Canadian crop processor’s shares up as much as 11.52 pct at C$28.95 - biggest percentage gain in nearly 3 years

** Fairfax Financial Holdings Ltd to make investment of C$190 mln in AGT, in exchange for interest bearing securities, common share purchase warrants

** FFH shares also up 2.2 pct at C$583.28​​

** Proceeds raised from FFH transaction to be used by AGT for repayment of debt, future growth initiatives

** More than 121,000 AGT shares traded, slightly higher than their 30-day moving avg

** Up to Monday’s close, AGT had fallen ~29 pct this year

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below