Saskatchewan grain handler in rumoured takeover talks with multiple parties.
Shares in Saskatchewan-based grain handler Viterra Inc. have been halted on the Toronto Stock Exchange, a sign the company has pending news about a possible takeover offer.
The Investment Industry Regulatory Organization of Canada issued a trading halt for Viterra's shares on the TSX shortly before the market opened Thursday.
Viterra was formed in 2007 when the former Saskatchewan Wheat Pool merged with its competitor, Agricore United.
Trading halts are routine when a company has pending news. Viterra released earnings last week, and said it was having takeover discussions with multiple interested parties.
Among the names rumoured to be considering a bid for Viterra are U.S. food giant Cargill and Swiss commodities trader Glencore.
The potential bids come as the company is poised to benefit from the end of the Canadian Wheat Board's monopoly on the marketing of wheat and barley in Western Canada.
Viterra recently acquired Australia's largest grain handler, and has operations across Canada, the United States, New Zealand and China.
So I'm going to end up with Cargill or Glencore shares am I?
Shares in Saskatchewan-based grain handler Viterra Inc. have been halted on the Toronto Stock Exchange, a sign the company has pending news about a possible takeover offer.
The Investment Industry Regulatory Organization of Canada issued a trading halt for Viterra's shares on the TSX shortly before the market opened Thursday.
Viterra was formed in 2007 when the former Saskatchewan Wheat Pool merged with its competitor, Agricore United.
Trading halts are routine when a company has pending news. Viterra released earnings last week, and said it was having takeover discussions with multiple interested parties.
Among the names rumoured to be considering a bid for Viterra are U.S. food giant Cargill and Swiss commodities trader Glencore.
The potential bids come as the company is poised to benefit from the end of the Canadian Wheat Board's monopoly on the marketing of wheat and barley in Western Canada.
Viterra recently acquired Australia's largest grain handler, and has operations across Canada, the United States, New Zealand and China.
So I'm going to end up with Cargill or Glencore shares am I?