Senior managers at AGT Food and Ingredients Inc. and some of the company's large investors are proposing to take it private.

A group led by AGT chief executive Murad Al-Katib proposed on Thursday that it would pay $18 cash for each of the company's common shares, a 37 per cent premium to the July 25 closing price.

AGT Food president awarded international prize by Nobel laureates

Murad Al-Katib is the first Canadian to receive the Oslo Business for Peace Award for his work, an international prize selected by a group of Nobel laureates.

Murad Al-Katib, President and CEO of AGT Food and Ingredients, won the 2017 Oslo Business for Peace Award.

Murad Al-Katib

Murad Al-Katib, president of AGT Food and Ingredients, won the 2017 Oslo Business for Peace Award.

Saskatchewan's lentil king named Canada's top entrepreneur

Regina-based businessman Murad Al-Katib, CEO of AGT Foods, has been named Canada's entrepreneur of the year.

Premier Brad Wall, left, Murad Al-Katib, President of Alliance Grain Traders and Prime Minister Stephen Harper hold some of the grain samples at Saskcan Agtech in Regina on Friday Oct. 7, 2011. Harper was on hand as the Alliance Grain Traders Inc. announced plans to build a new durum wheat and pulse milling facility.  THE CANADIAN PRESS/Roy Antal

Harper Pasta 20111007

Premier Brad Wall, left, Murad Al-Katib, centre, and Prime Minister Stephen Harper examine some crop samples at an event in Regina in 2011.

Pulse crops from Sask. gaining popularity in developing nations

Saskatchewan could soon not only be known as Canada's breadbasket but potentially its protein basket as well.

Saskatchewan's harvest is virtually complete, with 97 per cent of the crop in the bin.

Harvest is done

The proposal contemplates that Fairfax Financial Holdings Ltd. and Point North Capital Inc. would retain their equity interests in AGT and AGT's senior management team would remain in place.

Entrepreneur of the year

Murad Al-Katib, CEO of AGT Food and Ingredients, on being celebrated as a global business leader

AGT Food is a food processor supplying export and domestic markets. It produces a range of pulses and specialty crops including lentils, peas, chickpeas and canary seed as well as food ingredients such as flour and starch.

The company and Fairfax are also part of a group that's working to restore a rail link to the Port of Churchill, Man.

AGT chief executive Murad Al-Katib is leading a bid to take the company private.

Sask. agricultural giant AGT Food looks to take company private

More Stories Like This