Commodity Supplier Glencore Buying Canada's Grain-Handler Viterra For C$16.25/ShrMarch 20, 2012
Swiss-based commodity supplier Glencore International Plc (LON:GLEN) is acquiring Canadian agri-business company Viterra Inc. (TSX:VT.TO) for C$16.25 per share in cash, or around C$6.1 billion, to boost its presence in grain and oilseeds markets. The purchase price matched Viterra's 52-week high, while representing a 2 percent premium to Monday's closing price of $15.97. read on...