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Company News

BUZZ-AGT Food and Ingredients: Rises on buyback deal to go private

** Shares of AGT Food and Ingredients up ~10 pct at C$17.42 on buyback deal to make the co private

** Group of investors, led by CEO Murad Al-Katib, will acquire remaining outstanding shares for C$18/shr in cash

** The C$18/shr offer represents a premium of 13.6 percent to AGT’s closing price on Monday; more than 217,800 shares traded, 5.4x of their 30-day moving avg

** Despite Tuesday’s gains, stock is down 13.4 pct this year (Reporting by Debroop Roy in Bengaluru)

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