Reuters: Mergers News: Shareholders back Glencore takeover of Viterra

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Shareholders back Glencore takeover of Viterra May 29th 2012, 17:16 CALGARY, Alberta | Tue May 29, 2012 1:16pm EDT CALGARY, Alberta May 29 (Reuters) - Shareholders of Canada's largest grain handler, Viterra Inc on Tuesday voted ne arly 100 percent in favor of a friendly takeover bid by Swiss commodities trader Glencore International PLC. The deal required approval of two-thirds of the votes cast. Glencore offered Viterra C$16.25 per share, or C$6.l billion ($5 .9 billion) in March for the company, which owns the biggest share of Western Canada's grain storage and farm supply outlets, as well as nearly all grain storage capacity in South Australia.

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