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.
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