Editorial: Scorecard needed

As the Winnipeg Jets mount what promises to be an exciting playoff run, casual hockey fans find themselves at a disadvantage. No doubt more than a few tuned in to the first couple of games last week and were surprised to find a member of the famed Stastny clan had joined the ranks of the

Activists burn an information circular about the proposed Bayer-Monsanto deal in protest outside Bayer’s annual general meeting held
in Bonn, Germany in April 2017.

Merger mania could hurt farmers

Mergers or acquisitions have been big news in the last year — but what does that mean for the farmer?

A wave of consolidation is, yet again, sweeping through the global agriculture sector, leaving many to wonder what this is going to mean for farmers. Equipment firms, precision agriculture companies, fertilizer makers and crop protection producers, all are getting swept up in the trend. Some observers are optimistic, while others are much more cautious. The


Mergers could make room for small players

Mergers are carefully considered, but agencies lack teeth when it comes to enforcing conditions

An erosion of both resources and clout limits the ability of governments to protect farmers from the effects of market concentration, a U.S. farm leader told farmers attending the recent Keystone Agricultural Producers meeting. “Enforcement is a big problem and a growing problem,” said Roger Johnson, president of the American National Farmers Union. “In the

(Dow.com)

Dow-DuPont talks driven by weak farm demand, investor pressure

Reuters — Merger talks between Dow Chemical and DuPont are likely to have been precipitated by shareholder pressure and weakening demand for crop-protection chemicals, and such a deal would have been unlikely even a few months ago. Stocks of both companies jumped 12 per cent on Wednesday — Dow’s to a record high of $56.80

Viterra shareholders to vote May 29

Reuters / Shareholders in Viterra Inc. will vote May 29 whether to approve a $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


ADM eyes ways to expand reach

Reuters / After passing on Viterra, Archer Daniels Midland is now eyeing acquisitions of smaller assets in North America. “Other than one-off deals, we can’t really grow too much in North America,” said A. James Shafter, the company’s vice-president of mergers and acquisitions. “We’ll always do one-off deals. Elevator assets, transportation assets, if it’s in

Maple Leaf Foods Adopts Rights Plan

WINNIPEG/REUTERS Maple Leaf Foods has adopted a shareholder rights plan and its chief executive is acquiring nearly a third of its shares, prompting speculation a takeover attempt could be in the works. The Canadian food processor denied that the poison pill was in response to any actual or anticipated transaction, saying it merely replaced a

Russian Potash Firms Could Merge Too – for Aug. 26, 2010

There are many good reasons why the world fertilizer industry should consolidate. But the way two major Russian potash players have embarked on a probable merger is an illustration of why foreign investors should stay out of Russianstyle mergers and acquisitions. Suleiman Kerimov, a secretive oligarch known for often doing the Kremlin’s bidding, is in


Viterra, ABB Grain Come To Terms

“If (Viterra) did something else big after this, before this got some traction, then we think they might… bite off more than they can chew.” – ANIL PASSI OF CREDIT RATI NG AGENCY DBRS Canada’s top grain handler has agreed to buy Australia’s ABB Grain in a US$1.2 billion share-and-cash deal, giving Viterra better access