Premier Tech

Premier Tech

March 01, 2011 16:01 ET

Premier Tech Announces it Intends to Tender its 25% Stake to the Proposed Take-Over Bid of Sun Gro Horticulture by IKO Enterprises

RIVIÈRE-DU-LOUP, QUÉBEC--(Marketwire - March 1, 2011) - Premier Tech Ltd. ("Premier Tech") announces that it has decided to tender the 5 459 800 shares of Sun Gro Horticulture Inc. ("Sun Gro") it beneficially owns and controls with its joint actors, representing approximately 25% of the issued and outstanding shares of Sun Gro, to the take-over bid at $6.60 per share announced on January 16, 2011 by IKO Enterprises Ltd. ("IKO").

CORPORATE PROFILE

For over 85 years, Premier Tech has been building its know-how and reputation on the expertise and synergy of its three groups – Horticulture and Agriculture, Industrial Equipment and Environmental Technologies – divided in Business Units. They have the mission to become technological and commercial leaders in their respective industries. Driven by a multidisciplinary team of over 2 000 people located in the Americas, Europe and Asia, Premier Tech focuses on the development of its team members, on Innovation, and on the introduction of value-added products and services to support its long-term growth.

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