CALGARY, ALBERTA, CANADA — Viterra Inc. shareholders will vote May 29 on the company’s proposed merger with Glencore International plc.
The company said on April 23 that the Ontario Superior Court of Justice has issued an interim order that provides for the special meeting, among other things.
The meeting will be 11 a.m. (Calgary time) May 29 at the Hyatt Regency Calgary, 700 Centre Street S.E., Calgary, Alberta, Canada. The record date for determining shareholders entitled to receive notice of and vote at the special meeting has been fixed at the close of business on April 23.
Viterra’s board of directors has previously approved the arrangement and has unanimously recommended that shareholders vote in favor of the resolution approving the arrangement. As previously announced on March 20, Viterra entered into an arrangement agreement with Glencore and 8115222 Canada Inc., an indirect wholly-owned subsidiary of Glencore, under which Glencore has agreed to acquire all of Viterra's outstanding shares at a price of C$16.25 in cash per share.
Viterra's largest shareholder, Alberta Investment Management Corp., together with Viterra's directors and executive officers have agreed to support the arrangement and vote their shares in favor of the arrangement. These Shareholders collectively own or exercise control or direction over approximately 16.5% of Viterra's shares.
Viterra intends to mail the Notice of Special Meeting and the Management Proxy Circular, together with a letter of transmittal and a form of proxy (collectively, the "Meeting Materials") to Shareholders of record in early May 2012. The Meeting Materials will also be available at www.sedar.com and on Viterra's website at www.viterra.com no later than the time of mailing.