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Article: ABB Grain/Viterra Merger Beneficial For Farmers: Viterra.
- Article from:
- Resource News International
- Article date:
- June 2, 2009
CopyrightCOPYRIGHT 2009 Resource News International. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Alana Vannahme, Resource News International
WINNIPEG, MB, Jun 02, 2009 (Resource News International via COMTEX) -- Viterra Inc.'s proposed merger with ABB Grain has 'compelling benefits' for producers in Australia and Canada, said a Viterra spokesperson on May 28 in response to charges from an Australian farm group that its bid for ABB Grain is not in producers' best interests.
On May 22, the South Australian Farmers Federation, or SAFF, voiced its opposition to the merger of the Canadian and Australian agri-businesses on the basis that Viterra's bid was neither high enough nor in the best interests of growers.
Viterra offered ABB Grain ...