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Tag Archives mergers and acquisitions

G3 Canada today operates 24 elevators and grain terminals across Canada. Its majority owner, G3 Global Holdings, also owns G3's export terminal at Vancouver in partnership with Western Stevedoring Co.
Crops, Features, Markets

What’s happening with your shares in G3?

How your stake in the equity trust set up for Prairie farmers sits today

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Glacier FarmMedia — An owner of G3 Canada it may be, but Farmers Equity Trust won’t be a suitor for Bunge’s separate ownership stake in G3, if Ottawa decides to require a sale as part of its review of Bunge’s proposed takeover of Viterra. “The trust has no cash resources to invest that way, and […] Read more
Crops, Markets

Would Bunge have to get out of G3?

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Good question. While we don’t yet have an answer, the federal Competition Bureau’s recent language suggests Bunge’s continued part-ownership of G3 would be a regulatory sore spot in a merger with Viterra. The basic background: U.S.-based Bunge, the “B” in the “ABCD” group of companies that handle the bulk of global grain trade, last June […] Read more
Martin Deerline dealership
Equipment, Machinery

Alberta Deere dealer chains merging

Martin Deerline and Agland aim to create Horizon Ag & Turf

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Glacier FarmMedia –– Two Alberta John Deere dealer groups are joining forces. Martin Deerline and Agland intend to merge their operations effective July 31, forming a new entity known as Horizon Ag and Turf, “subject to necessary approvals and due diligence.” Terms of the merger deal weren’t disclosed in the companies’ announcement. “This partnership is […] Read more
guy looking skyward holding sign proclaiming end times
Columns, Home Quarter Investing

Markets are dispassionate to our human disasters

Investing for Fun and Profit: While headlines may exalt a unique situation, to markets it's 'same as it ever was'

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The first public stock exchange opened in Amsterdam in 1611, trading one company, the Dutch East India Company. Twenty-five years later, coincident with tulip mania, the company had a market cap of 78 million Dutch guilders, which translates to $9.7 trillion current U.S. dollars, putting Microsoft’s and Apple’s near-$3 trillion valuations into perspective. The London […] Read more
Signage on Viterra’s office building in Regina. (Dave Bedard photo)
Crops, Markets

Bunge seeks antitrust approvals for Viterra merger in major jurisdictions

Commodities market competition healthy in Canada, U.S., CEO says

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Minneapolis | Reuters — Bunge has filed for regulatory approvals for its merger with crop handler Viterra in “major jurisdictions” in North and South America, Europe and China, and has gotten the green light from some of its smaller markets including Colombia, CEO Greg Heckman said on Thursday. The merger, which would create a company […] Read more
(Bunge video screengrab via Vimeo)
Crops, Markets

Bunge shareholders bless Viterra wedding

Company still expects to close deal mid-2024

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Shareholders in U.S. grain and agrifood giant Bunge have voted their advance approval of the company’s plans to take up one of Canada’s biggest grain industry players. Bunge on Thursday announced the results of an extraordinary general meeting of shareholders, in which they approved the acquisition of Viterra and a related issue of about 65.6 […] Read more
(Bhofack2/iStock/Getty Images)
Crops, Markets, Reuters

U.S. food companies go deal hunting as pandemic growth fades

Twinkies maker Hostess exploring a sale

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Reuters — U.S. packaged food companies are set for a flurry of deals in a push to revamp their brand portfolios as their pandemic-era fortunes fade and benefits of price hikes start to taper off. Last month, Campbell Soup struck a $2.7 billion deal for Rao’s sauce maker Sovos Brands (all figures US$). Unilever bought […] Read more
(Dave Bedard photo)
General, Markets, Reuters

Deal for Subway chain worth up to US$9.55 billion

Arby's, Jimmy John's parent wins with 'earn-out' deal

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New York | Reuters — Private equity firm Roark Capital agreed on Thursday to buy Subway, in a deal that people familiar with the matter said values the U.S. sandwich chain at up to US$9.55 billion, including debt, subject to targets in its financial performance. The deal marks the conclusion of a drawn-out auction that […] Read more
J.P. Morgan’s estimate puts the market cap of a combined Bunge and Viterra at around US$25 billion.
Crops, Markets, Reuters

Bunge, Viterra merger would create global ag trading giant

Companies have some overlap in Canadian crushing

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Reuters — A merger of U.S. grains merchant Bunge Ltd. with rival Viterra would grow the combined entity’s businesses in the U.S., Brazil and Australia and may raise competition concerns in parts of Canada and Argentina, where key oilseed processing assets overlap, analysts said. Sources last week said Bunge and Viterra were in talks for […] Read more

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