AGI Declines Unsolicited Acquisition Offer

Ag Growth International (TSE:AFN) has released an update.

Ag Growth International Inc. has officially addressed recent rumors by confirming that it received an unsolicited proposal to buy the company, which was thoroughly reviewed and rejected by its board as not in the shareholders’ best interests. AGI, a key player in the global food storage and processing equipment market, is not in any current discussions regarding the proposal and has no intentions to engage in negotiations or arrangements. The company will refrain from commenting further on speculations unless legally necessary.

For further insights into TSE:AFN stock, check out TipRanks’ Stock Analysis page.