TEL-AVIV, Israel, October 3, 2011 /PRNewswire/ --
The Makhteshim Agan Group (TASE: MAIN), the world leader in branded off-patent crop protection solutions, today reported the receipt of authorization of the EU anti-trust commission and preparations for closure of transaction.
With receipt of this authorization, all regulatory approvals for carrying out the Merger Agreement have been received.
The parties to the Merger Transaction are ready to carry out the process of closing the transaction on October 17-18, 2011.
Please find the Immediate Report which was published today (October, 2011) on the Company's website: http://www.ma-industries.com
About Makhteshim Agan
Makhteshim Agan Industries, Ltd. (TASE: MAIN), http://www.ma-industries.com, is a world-leading manufacturer and distributor of branded off-patent crop protection products. With sales of US$2.38 billion in 2010, MAI ranks seventh in global agrochemical companies, fourth in Europe, with a global share of over 5%. The Company is characterized by its knowhow, high-level technological-chemical abilities, expertise in product registration, the observance of strict standards of environmental protection, stringent quality control and global marketing and distribution channels. The Company is well positioned to deliver effective and reliable solutions to farmers globally.
SOURCE Makhteshim Agan Industries Ltd