Fairfax Offers to Take Agritech Firm Farmers Edge Private at 99% Below IPO Price

Toronto-based Fairfax Financial Holdings Ltd. offered to buy out minority shareholders of agriculture technology firm Farmers Edge Inc. at a price that would crystallize near-total losses for any longer-term holders of the stock. — Toronto-based Fairfax Financial Holdings Ltd. offered to buy out minority shareholders of agriculture technology firm Farmers Edge Inc. at a price that would crystallize near-total losses for any longer-term holders of the stock.
Photographer: Cole Burston/Bloomberg

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By Derek Decloet

November 17, 2023 at 1:32 PM UTC

Updated on

November 17, 2023 at 3:23 PM UTC

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Canadian financial group Fairfax Financial Holdings Ltd. offered to buy out minority shareholders of agriculture technology firm Farmers Edge Inc. at a price that would crystallize near-total losses for any longer-term holders of the stock.

Fairfax’s takeover bid of 25 Canadian cents a share is almost 99% below the C$17 a share at which Farmers Edge offered stock in a March 2021 initial public offering.