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.
This week, winter wheat prices touched a three-year high, but it didn’t last. Chicago SRW wheat prices for September 2018 gained 5 per cent or about 26 cents US/bushel to close at $5.56. While the December 2018 contract was up 5.4 percent — or nearly 30 cents — to finish a tad under $5.80. In…Read more »