U.S. agribusiness giant Bunge is sealing the deal in its long-rumoured pursuit of Glencore's Viterra unit, announcing a deal to acquire the division for about US$8.2 billion in cash and stock.
U.S. agribusiness giant Bunge is sealing the deal in its long-rumoured pursuit of Glencore's Viterra unit, announcing a deal to acquire the division for about US$8.2 billion in cash and stock.
There's still time for the union and the B.C. Maritime Employers Association to work out a deal, however – the two sides are in a cooling-off period until June 21, and any strike couldn't begin until the 24 if things go south. Still, this is a high-stakes standoff. Between Vancouver and Prince Rupert, you're looking at two of the busiest three ports in the country potentially facing labour stoppages.Equity market investors appear to be in wait-and-see mode as the U.S.
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