Shareholders in Viterra Inc will vote on May 29 on whether to approve a C$6.1 billion ($6.1 billion) friendly takeover of Canada's biggest grain handler by Swiss-based commodities trader Glencore International PLC .The vote will be taken at a special shareholder meeting in Calgary, Alberta, a Viterra spokeswoman said.The deal's completion requires approval of two-thirds of the votes cast by shareholders or their proxies. If it gets a green light, it is expected to close in Viterra's third quarter, ending July 31.Alberta Investment Management Corp, Viterra's biggest shareholder with a 16.5 percent stake, has already agreed to support the takeover.
Viterra Inc. is a vertically integrated global agri-business company. Shares of VT fell by 0.06% or $-0.01/share to $15.95. In the past year, the shares have traded as low as $9.30 and as high as $16.25. On average, 4645120 shares of VT.TO exchange hands on a given day and today's volume is recorded at 895304.
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