Viterra Sold!

[jd3007]

BAAR, SWITZERLAND and REGINA, SASKATCHEWAN--(Marketwire - March 20, 2012) - Viterra Inc. ("Viterra") (TSX:VT)(ASX:VTA) & Glencore International plc ("Glencore") (LSE:GLEN)(HKSE:805)

Highlights
•Cash price of C$16.25 per Viterra share represents an attractive premium to Viterra shareholders
•Transaction has received the unanimous approval of Viterra's Board of Directors
•Establishes a key growth platform for Glencore in Canada, one of the world's most attractive grain and oilseeds markets
•Significant benefits to farmers and to Western Canada overall
•Regina to be head office of North American Agriculture business
•Agrium and Richardson International have agreed to acquire the majority of Viterra's Canadian assets and certain other assets for combined approximately C$2.6 billion in cash
•Expands Glencore's operations in Australia, allowing the company to take advantage of new growth opportunities in the rapidly expanding global markets
•Expected to be earnings enhancing to Glencore in the first full year after consolidation1

[tstep]

Another sad day in Canadian ownership and Canadian history!!

[bucket]

From where I live there is:

1. Viterra GDT
2. Viterra eyebrow
3. Pioneer Reed Lake
4. Viterra MJ
5. P&H MooseJaw
6. Cargill Moose Jaw
7. Viterra Swift Current
8. Pioneer Swiftcurrent
9. Patterson Swift Current

that will now look like this:

1. Pioneer
2. pioneer
3. Pioneer
4. Pioneer
5. P&H
6. Cargill
7. Pioneer
8. Pioneer
9. Patterson


Good for Patterson and P&H for my business.

[bucket]

Yep I am with BTO from another thread - just ****ing sellouts.

[bucket]

And in reality they didn't need glencore to come in, they could have just sold directly to richardsons and agrium. They paid a middlemen. The more I think of this, the more I wonder how ****ing stupid directors are that run large corporations. Instead of letting Glencore paper shuffle a billion dollar fee out of this deal they could have sold different assets over the next year and put more money in the shareholder's pockets. Brain dead. But then, I always laugh at farmers that sell to the first bid and admire the ones that take the last.

[RichFarmer]

Bucket, Richardson only purchased 19 facilities the rest will be Glencore. This is how it will look.


1. Viterra GDT (Glencore)
2. Viterra eyebrow (Glencore)
3. Pioneer Reed Lake (Unchanged)
4. Viterra MJ (Glencore)
5. P&H MooseJaw (Unchanged)
6. Cargill Moose Jaw (Unchanged)
7. Viterra Swift Current (Glencore)
8. Pioneer Swiftcurrent (Unchanged)
9. Patterson Swift Current (Unchanged)

[SASKFARMER3]

The tin can elevator at Whitecity? and
Viagras at Balgonie. Richardson is a mile
away. Also Melville had two close.

[riders2010]

Is there some sort of province wide list of what will be what? at various locations?

[bucket]

Thanks richfarmer. I hadn't read that anywhere in the releases.

Hopefully Glencore uses some of their money to purchase the rail line to GDT outright. Grain movement would be great then.

[wmoebis]

For more information, please contact:
Tracey Shelton
Director, Corporate Communications
(204) 934-5169 or (204) 799-2838 Cell
Tracey.Shelton@Richardson.ca

NEW ELEVATOR LOCATIONS
Lacombe East, AB
Lavoy, AB
High Level, AB
Vulcan, AB
Provost, SK
Assiniboia, SK
Carrot River, SK
Davidson, SK
Kindersley, SK
Alameda, SK
Melville, SK
Langenburg, SK
Maple Creek, SK
Regina East / White City, SK
Unity, SK
Red River South, MB
South Lakes, MB
Dawson Creek, BC
Fort St. John, BC

Looks the border is moving to! Provost is now in SK.

[Daylate]

did richardson get any port facilities?

[RichFarmer]

Just a 25% share in Cascadia