MONTREAL, Dec. 4, 2018 /CNW Telbec/ - Letko, Brosseau & Associates Inc., an independent investment manager that exercises investment control or direction over approximately 18.7% of the outstanding shares of AGT Food and Ingredients ("AGT" or the "Company") and is the Company's largest shareholder, today reaffirms its intention to vote against the proposed going private transaction of AGT by a group of investors led by President and CEO, Murad Al-Katib, and including AGT's management group and AGT investors, Fairfax Financial Holdings Limited and Point North Capital Inc.
Letko Brosseau continues to believe that the proposed transaction significantly undervalues the Company and that AGT could generate greater value for its shareholders over the long-term as a public entity.
Letko Brosseau is a Canadian independent investment manager founded in 1987. The firm manages approximately $30 billion in assets for institutional investors and private clients.
SOURCE Letko, Brosseau & Associates Inc.