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News: Viterra confirms exclusive takeover talks

  1. FNN News
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    20/03/12
    11:27
    Post #: 9864810
    .

    Viterra (ASX:VTA, TSE:VT) says it is in exclusive discussions with a third party regarding the possible acquisition of the dual-listed grain handler.



    The news comes one week after Viterra revealed it had received an unsolicited expression of interest.



    Media reports have speculated Glencore is the likely suitor and a bid could be worth as much as $5.2 billion.



    Viterra says is has now begun exclusive talks but cannot assure a deal will be done.



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



    VTA Price at posting: $15.08 Sentiment: None Disclosure: Held
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