After the second time in less than a week that Viterra has halted trading on the TSX, a process for the potential sale of the company has been established.
The press is speculating that $16 per share is the number to get in on the action. Viterra did not mention any names in their public statement. The Globe and Mail is reporting that Viterra has told suitors you need to bid $16 per share just to play.
After putting its grain handling and crop input operations in Ontario up for sale this winter, Cargill has reached a deal to sell the business, including its ownership in South West Ag Partners, to Quebec-based La Coop fédérée. The agreement includes 13 grain and crop inputs retail locations, as well as Cargill's 50 percent share of…Read more »