Viterra Establishes a Bidding Process for Potential Buyers

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.

SEE AN UPDATE FROM BNN ON THE POTENTIAL SALE

As mentioned in the BNN interview, Viterra has cautioned that this does not mean that a deal will get done. The names being tossed around are Glencore, Richardsons, Agrium (3 way deal), ADM and Bunge.

 

Shaun Haney

Shaun Haney is the founder of RealAgriculture.com. He creates content regularly and hosts RealAg Radio on Rural Radio 147 every weekday at 4:30 PM est. @shaunhaney

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