VTA 0.00% $15.60 viterra inc

{"streaming_server":"rtmp:\/\/s2svek4dh1hfyu.cloudfront.net\/cfx\...

  1. lightbulb Created with Sketch. 1
    .


    Viterra’s (ASX:VTA) directors have backed a takeover bid from Glencore International.



    Both companies have inked an agreement that values Viterra at about $5.7 billion.



    Gencore has offered Viterra’s shareholders $C16.25, a 48 per cent premium to its closing price before speculation of the takeover appeared.



    If the deal proceeds both companies plan to sell the majority of Viterra’s Canadian assets for $US2.8 billion.



    Viterra posted a net profit of $252 million in the 2011 financial year.


 
watchlist Created with Sketch. Add VTA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.