TORONTO� Viterra Inc. said Tuesday it agreed to be acquired by Glencore International PLC for $6.1 billion Canadian dollars ($6.2 billion), ending a sale process that started two weeks ago and triggered a surge in the Canadian grain-handler's stock.
Alongside its results earlier this week, Glencore defended a "merger of equals" proposal which it says is fair and already offers Xstrata shareholders a premium, as well as the top jobs in the enlarged company.
March 14 (Bloomberg) -- Anglo American Plc's $5.1 billion plan to almost double its diamond business and platinum mines that are missing targets risk killing its allure as a takeover candidate for a merged Glencore International Plc-Xstrata Plc. Anglo ...
March 12 (Bloomberg) -- Glencore International Plc, the largest publicly traded commodities supplier, has expressed an interest in acquiring Canada's biggest grain handler Viterra Inc., according to a person familiar with the situation.
March 5 (Bloomberg) -- Glencore International Plc, the commodities trader acquiring Xstrata Plc, is seeking to refinance about $12 billion of credit lines, according to three people with knowledge of the matter.
Glencore, one of the world's top producers and marketers of commodities including crops, metals, minerals and energy, said last month that it lost money on agricultural commodities in 2011, a blemish on the firm's earnings.
Prime Minister Stephen Harper said on Sunday that the structure of Glencore International PLC's $6.1-billion deal to buy Viterra Inc. , Canada's largest grain handler, means it should not necessarily be seen as a full foreign takeover.