Glencore is planning a three-way carve-up of Canada’s largest grain handler Viterra, an industry source said, to help navigate a politically charged federal review process if it wins a looming bidding war for the company. The source told Reuters that the commodity trading giant wanted to buy all of Viterra and then sell its retail […] Read more
Glencore plans three-way Viterra split, source says
Viterra opens up for bidding war
Canada’s largest grain handler said Thursday it has opened its books to potential buyers, setting the stage for a possible bidding war and sending its shares nine per cent higher. Viterra said in a statement it has established a process for considering expressions of interest, including confidentiality agreements. It shed no light on who might […] Read more