Canadian-based grain and fertilizer company, Viterra Inc. reports that in view of market activity in Viterra’s shares, the company acknowledges it has received expressions of interest from third-parties. It said there can be no assurance that any agreement or transaction will result. It said a further announcement will be made if appropriate.
Wire reports identified the bidder as commodity trading giant Glencore International PLC. Others said a bidding war could develop for Viterra, with other potential contenders being Cargill Inc., Archer Daniels Midland Co., and Bunge Ltd.