6.406% bonds due Feb 16/21. What impact will a takeover by Glencore have on these? Feels that at the end of the day this will be negative for bondholders and positive for stockholders. Glencore is not guaranteeing Viterra’s debt. Also, they are planning on selling about $2.6 billion of Viterra’s assets, which is a negative for the bonds.
(Market Call Minute) Buy because it is off a bit from the implied deal price.
Thinks this is a done deal. Glencore has taken it over. There are parts of business that AGU had taken over and sold to CF industries. A week to 3 weeks and this should be wrapped up.
Viterra Inc is a OTC stock, trading under the symbol VT-T on the (). It is usually referred to as or VT-T
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On , Viterra Inc (VT-T) stock closed at a price of $.