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US (IA): Herbicide supplier Albaugh said to be exploring sale

Albaugh LLC is exploring a sale that could value the privately held U.S. producer of agricultural crop protection chemicals at more than US$1.5 billion, including debt, according to people familiar with the matter.

Albaugh, controlled by its 67-year-old founder Dennis Albaugh, is working with investment bank JPMorgan Chase and Co. to discuss a potential sale of the company following expressions of interest from private equity firms, the people said this week.

There is no certainty that the negotiations will lead to any deal, the sources added, asking not to be identified because the matter is confidential.

Read more at the Alberta Farmer Express (Greg Roumeliotis)
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