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Viterra Share trading halted

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  • Wheatking
    Senior Member
    • Sep 2007
    • 476

    Viterra Share trading halted

    Possible buy-out. Just came on the ticker
    on BNN
  • Wheatking
    Senior Member
    • Sep 2007
    • 476

    #2
    http://www.viterra.com/portal/wps/portal/canada/ca/news_ca/news_releases/!ut/p/c5/04_SB
    8K8xLLM9MSSzPy8xBz9CP0os3hLSw8LQycTA0v_ICMzA0_PUA-
    _kKAApwADY_1wkA6zeAMcwNFA388jPzdVvyA7rxwA5Krefw!!/dl3/d3/L2dJQSEvUUt3QS9ZQnZ3LzZfOTlIOD
    FCNDA5OFIxNjBJMk5NR1BKTzFIMzM!/

    Now the big question is who is the buyer or expressing the interest in buying

    Comment

    • Wheatking
      Senior Member
      • Sep 2007
      • 476

      #3
      http://www.viterra.com/portal/wps/portal/canada/ca/news_ca/news_releases/!ut/p/c5/04_SB
      8K8xLLM9MSSzPy8xBz9CP0os3hLSw8LQycTA0v_ICMzA0_PUA-
      _kKAApwADY_1wkA6zeAMcwNFA388jPzdVvyA7rxwA5Krefw!!/dl3/d3/L2dJQSEvUUt3QS9ZQnZ3LzZfOTlIOD
      FCNDA5OFIxNjBJMk5NR1BKTzFIMzM!/

      Now the big question is who is the buyer or expressing the interest in buying

      Comment

      • bucket
        Senior Member
        • Jan 2008
        • 17027

        #4
        Just talked to someone in Calgary but couldn't get it out of him.

        Mayo was asked if there was interest this morning on BNN and at 10am, he said no.

        That is interesting in itself that in two hours someone thought on a friday would be a good time to buy them out. Although the last poker game took place over a weekend.

        Comment

        • bucket
          Senior Member
          • Jan 2008
          • 17027

          #5
          Conagra, dreyfus, bunge, toefler.

          I think cargill would have competition problems.

          I would have thought the smaller guys would have got netted first.

          Comment

          • LWeber
            Senior Member
            • Nov 2007
            • 1432

            #6
            ADM owns 80% of Toepher.

            ADM Market Cap: 20.68B
            Bunge Market Cap: 9.71B
            Conagra Market Cap: 10.79B

            Viterra 4.2B

            Comment

            • agstar77
              Senior Member
              • Jul 2001
              • 6190

              #7
              Let the games begin.

              Comment

              • poorboy
                Senior Member
                • Oct 2000
                • 903

                #8
                Obviously the CWB.

                You don't have to be the big dog to buy out another company. Just have to convince enough shareholders to sell.

                Companies that are sitting on too much cash are always takeover targets. Don't think the too much cash applies in this case.

                Comment

                • agstar77
                  Senior Member
                  • Jul 2001
                  • 6190

                  #9
                  Viterra up 2.53, on admission of expression of interest. It will not be a Canadian acquirer. Last nail in the transformation of the once mighty pools to an American franchise.

                  Comment

                  • charliep
                    Senior Member
                    • Oct 2000
                    • 9002

                    #10
                    Just curious why you assume a US company and not European/Aussie? will be interesting to see where the fire comes versus the smoke. May it will just be smoke.

                    Comment

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