Federal watchdog expresses 'serious' concerns about US$8.2B agri-business deal

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 42 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 63%

Viterra Notícia

Competition Bureau,Canada

The federal government will ultimately decide if the transaction proceeds.

FILE - In this July 11, 2018, file photo, a field of corn grows in front of an old windmill in Pacific Junction, Iowa.. on Tuesday stating the combination would cause a “significant loss of rivalry.” The agency’s non-binding opinion has been sent to Canada’s transport ministry, which has until June 2 to review the deal.

Last year, Bunge and Viterra announced an $8.2 billion cash-and-stock deal that would see Bunge assume US$9.8 billion of Viterra debt. Bunge would also repurchase US$2 billion of its own stock. After the buyback, Viterra shareholders will own 33 per cent of the merged company. The transaction is expected to close in mid-2024.

This week’s federal budget has premiers lashing out at Prime Minister Justin Trudeau over a planned increase to capital gains taxes as well as what they say is overstepping on infrastructure and pharmacare.Apple sales of iPhones in China dropped by 19% in the first quarter, extending the company’s rough patch in one of its most important markets. It was the worst performance for the iPhone in China in the January-March period since Covid-19 struck in 2020, Counterpoint Research reported.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 47. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Former Canadian Finance Minister and Quebec Premier Call for Focus on Economic GrowthFormer federal finance minister Bill Morneau and former Quebec premier Jean Charest are urging the federal government to prioritize economic growth in the upcoming federal budget.
Fonte: CTVNews - 🏆 1. / 99 Consulte Mais informação »