GFM Network News

Viterra enters ‘exclusive’ sale talks

Commodities giant Glencore, partnered with Winnipeg’s Richardson International and Calgary’s Agrium, is close to a deal to buy Viterra, a source familiar with the matter told Reuters. Viterra and Swiss-based commodities trader Glencore are still in talks on price, but a deal could be reached within the next 24 hours at a price above $16

Bankers Say Spinoff Could Put Mosaic In Play

Agribusiness giant Cargill Inc. plans to spin off its $24-billion majority stake in Mosaic Co., a move that could eventually lead to a takeover of Mosaic, the world’s second-largest fertilizer producer. The distribution of the 64 per cent stake in Mosaic will allow Cargill to maintain its private company status while enabling Cargill family trusts

“Fertilizer Wars” Throw Spotlight On Three CEOs

Mike Wilson, Steve Wilson and Mike Bennett are patient men. Embroiled in a nine-month three-way takeover battle, the chief executives of fertilizer companies Agrium Inc., CF Industries Holdings Inc., and Terra Industries Inc. have stayed in the headlines even as a recession and falling grain prices pushed the stocks of their companies off their 2008