TSX : VT
ASX : VTA
March 19, 2012 11:23 ET
Viterra Issues Statement
CALGARY, ALBERTA--(Marketwire - March 19, 2012) - Viterra Inc. (TSX:VT) (ASX:VTA) ("Viterra"), after discussions with Market Surveillance on behalf of the Toronto Stock Exchange, announced today that it is in exclusive discussions with a third party regarding the possible acquisition of Viterra.
On March 15, 2012, Viterra issued a statement confirming it was aware of press reports speculating about, among other things, the process, parties involved and third parties' expressions of interest of approximately Cdn$16 per Viterra common share.
Viterra confirms that it has begun exclusive negotiations with a party and the basis of this exclusive negotiation is at a price which is consistent with our previous statement.
Viterra cautions investors not to rely on these press reports as there can be no assurance that an agreement will result or that a transaction will occur and that if one does occur, there can be no assurance at what price it will be completed.
A further announcement will be made if appropriate.