viterra terminal


It was a resounding YES from Viterra Shareholders today.

Shareholders passed a special resolution approving the company’s sale to Glencore International. The Swiss based company stepping up with an offer of $16.25 per share or just over $6 billion.

The deal still needs the approval of the Canadian government because it is a foreign takeover.

It is expected it could be the end of July or early August before Glencore International gets the regulatory approval it needs in order to proceed with the sale.