Glencore Xstrata PLC is looking to sell its Dakota Growers Pasta Co business as it continues to divest assets acquired from its $6 billion purchase of Canadian grain handler Viterra last year, according to three sources with knowledge of the process. Glencore is working with Barclays PLC to sell St. Louis Park, Minnestota-based Dakota Growers in a deal which could value the nation's third-largest pasta maker at $300 million to $400 million, the sources said on Tuesday.Glencore and Barclays could not be immediately reached for comment.To please regulators, Glencore has already sold a number of Vieterra assets to Agrium Inc, CF Industries Holdings Inc and Richardson.Dakota Growers is likely to draw interest from companies like ConAgra Foods Inc and Ebro Foods S.A., one of the sources said.
Agrium Inc. (Agrium) is a global producer and marketer of nutrients for agricultural and industrial markets. Shares of AGU traded higher by 1.91% or $1.72/share to $91.68. In the past year, the shares have traded as low as $83.33 and as high as $115.31. On average, 1020060 shares of AGU exchange hands on a given day and today's volume is recorded at 1009301.
Agrium Inc. (Agrium) is a global producer and marketer of nutrients for agricultural and industrial markets. Shares of AGU traded higher by 1.64% or $1.56/share to $96.55. In the past year, the shares have traded as low as $87.78 and as high as $116.38. On average, 506673 shares of AGU.TO exchange hands on a given day and today's volume is recorded at 485180.
Barclays PLC (Barclays) is a global financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. Shares of BCS traded higher by 1.18% or $0.21/share to $18.01. In the past year, the shares have traded as low as $9.23 and as high as $20.60. On average, 2704110 shares of BCS exchange hands on a given day and today's volume is recorded at 1585140.
ConAgra Foods, Inc. (ConAgra Foods) is a food company. Shares of CAG fell by 0.59% or $-0.21/share to $35.56. In the past year, the shares have traded as low as $23.64 and as high as $36.31. On average, 3413580 shares of CAG exchange hands on a given day and today's volume is recorded at 3257702.
CF Industries Holdings, Inc. is a manufacturer and distributor of nitrogen and phosphate fertilizer products worldwide. Shares of CF traded higher by 2.44% or $4.32/share to $181.20. In the past year, the shares have traded as low as $169.33 and as high as $233.43. On average, 1001680 shares of CF exchange hands on a given day and today's volume is recorded at 990251.
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