Viterra shareholders approve takeover

Viterra shareholders have voted overwhelmingly in favour of a $6.1-billion takeover of the Canadian agribusiness by a European commodities giant, the company announced Tuesday.

CALGARY — Viterra shareholders have voted overwhelmingly in favour of a $6.1-billion takeover of the Canadian agribusiness by a European commodities giant, the company announced Tuesday.

It said 99.8 per cent of votes cast by Viterra shareholders were in favour of accepting $16.25 per share in cash from Glencore PLC, a Swiss commodities giant.

The federal Competition Bureau has already indicated it doesn’t plan to intervene and the vote is one of the final steps before the deal is completed. The Ontario Superior Court of Justice is expected to rule after a hearing on Thursday.