Canada’s largest inland terminal looking to sell out, including ethanol plant

In Canada, Weyburn Inland Terminal is entertaining offers to buy the company including its ethanol plant. After receiving several non-binding expressions of interest, the Board has elected to further develop and negotiate a definitive transaction agreement with two critical objectives in mind; maximizing value and liquidity for shareholders, and providing a strong competitive environment for our customers as our business environment continues to evolve.

There is no firm timetable for reaching an agreement, and WIT cautions that there can be no assurances or guarantees that these negotiations will result in a definitive agreement. The WIT Board will only approve a specific transaction if it determines that a transaction meets the two critical objectives mentioned above and is in the best interests of WIT. If any transaction is approved by the Board, the transaction will be presented to shareholders for their ultimate approval.