Viterra to buy ABB Grain for $1.6B (Dealscape

Canada's Viterra Inc. has agreed to buy ABB Grain Ltd. of Australia for nearly A$2.1 billion ($1.6 billion), the companies said Tuesday, May 19, to jointly tackle the forecast increase in demand for food commodities.

The offer is a combination of cash and shares and includes a special dividend payable to ABB shareholders, the grain companies' joint statement said. The companies said that under a so-called default option, ABB shareholders will receive A$9.26 per share, comprising A$4.35 in cash and 0.4531 of a Viterra share, as well as the special dividend. There is also a maximum cash option and a maximum share option.

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NOT A SUBSCRIBER? Viterra to buy ABB Grain for $1.6B Posted on May 19, 2009 6:26 PM Canada's Viterra Inc. has agreed to buy ABB Grain Ltd. of Australia for nearly A$2.1 billion ($1.6 billion), the companies said Tuesday, May 19, to jointly tackle the forecast increase in demand for food commodities. The offer is a combination of cash and shares and includes a special dividend payable to ABB shareholders, the grain companies' joint statement said. The companies said that under a so-called default option, ABB shareholders will receive A$9.26 per share, comprising A$4.35 in cash and 0.4531 of a Viterra share, as well as the special dividend. There is also a maximum cash option and a maximum share option. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 371 in-depth reports of M&A deals in the Food sector 264 company pages related to Canada 137 company pages related to Australia 8 articles related to ABB Grain 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Skadden Arps Pinnacle Foods Concho Resources Agrium Inc. Birds Eye Cantor Fitzgerald Credit Suisse Windstream Corp. Goldman Sachs		EXISTING USERS Username Password Forget your password? Missing a product?

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