Viterra Issues Statement
March 15 2012 - 11:15AM
Marketwired
Viterra Inc. (TSX:VT) (ASX:VTA) ("Viterra"), at the request of
Market Surveillance on behalf of the Toronto Stock Exchange,
acknowledges that, in response to expressions of interest from
third parties to acquire the Company, a process has been
established by the Board of Directors of Viterra, which includes
confidentiality agreements being entered into and the provision of
due diligence.
Viterra is aware of press reports speculating about, among other
things, the process, parties involved and third parties expressions
of interest of at least Cdn$16 per Viterra common share. Viterra
cautions investors not to rely on these press reports as there can
be no assurance that a transaction will occur and that if one does
occur, there can be no assurance at what price it will be
completed.
Viterra has engaged financial and legal advisors to provide
support with this process.
A further announcement will be made if appropriate.
About Viterra
Viterra provides premium quality ingredients to leading global
food manufacturers. Headquartered in Canada, the global
agri-business has operations across Canada, the United States,
Australia, New Zealand and China, as well as a growing
international presence that extends to offices in Japan, Singapore,
Vietnam, Switzerland, Italy, Ukraine, Germany, Spain and India.
Driven by an entrepreneurial spirit, Viterra operates three
distinct business segments: Grain Handling and Marketing,
Agri-products and Processing. Viterra's expertise, close
relationships with producers and superior logistical assets allow
the Company to consistently meet the needs of the most discerning
end-use customers, helping to fulfill nutritional needs of people
around the world.
Forward-Looking Statements
This news release contains certain information that is
"forward-looking information" and "forward- looking statements"
(collectively herein referred to as "forward-looking statements")
within the meaning of applicable securities laws. The words
"anticipate", "expect", "believe", "may", "could", "should",
"estimate", "plan", "project", "intend", "outlook", "forecast",
"likely", "probably" or other similar words are used to identify
such forward-looking information. Forward-looking statements in
this document are intended to provide Viterra security holders and
potential investors with information regarding Viterra and its
subsidiaries. Forward-looking statements in this document may
include, among others, statements regarding discussions with third
parties, future operations and results and anticipated business
prospects of Viterra and its subsidiaries, expectations or
projections about the future, and expected impact of future
commitments. All forward-looking statements reflect Viterra's
beliefs and assumptions based on information available at the time
the statements were made. Actual results or events may differ from
those predicted in these forward-looking statements. All of the
Company's forward-looking statements are qualified by the
assumptions that are stated or inherent in such forward-looking
statements. Although Viterra believes that these assumptions are
reasonable, these are not exhaustive of factors that may affect any
of the forward-looking statements. By its nature, forward-looking
information is subject to various risks and uncertainties as well
as various assumptions and business sensitivities, including future
actions by third parties in connection with the discussions
referred to above, general economic conditions, and those risks
described in the Company's most recent Annual Information Form
("AIF") in the "Canadian Regulation" and "Environmental and
Sustainability Matters" sections and those factors discussed in the
Company's Management's Discussion and Analysis for the year ending
October 31, 2011 under the heading "Risks and Risk Management", any
of which could cause Viterra's actual results and experience to
differ materially from the anticipated results or expectations
expressed. Additional information on these and other factors is
available in the reports filed by Viterra with Canadian and
Australian securities regulators. Readers are cautioned not to
place undue reliance on this forward-looking information, which is
given as of the date it is expressed in this news release or
otherwise, and not to use future-oriented information for anything
other than their intended purpose. Viterra undertakes no obligation
to update publicly or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
except as required by law.
Contacts: Viterra Inc. Media Inquiries: Paul Tierney Director
Strategic Communications (403) 817-1005 Viterra Inc. Investor
Inquiries: Lavonne Zdunich, CA Director Investor Relations (403)
718-6254 www.viterra.com
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