U.S. company Bunge Ltd. has signed a deal to merge with Viterra Ltd., which is owned by Glencore, the Canada Pension Plan Investment Board and B.C. Investment Management Corp. The companies said Tuesday the deal create a global agribusiness company well positioned to meet the demands of complex markets and better serve farmers and customers. […]
The Reuters News Agency is reporting that a potential merger between Bunge Limited and Viterra is imminent. Sources told Reuters that Viterra’s shareholders, which include Glencore, Canada Pension Plan Investment Board and British Columbia Investment Management Corp., may sign off on the deal as soon as this weekend, and an announcement might be made next […]
A proposed merger between Glencore’s Viterra and Bunge Ltd. has the support of two of Canada’s largest pension funds, according to a person close to the matter. The source, according to Bloomberg News, noted that the Canada Pension Plan Investment Board and the British Columbia Investment Management Corp. are willing to swap their combined 49.98 […]
The WestJet Group says it has closed its acquisition of Sunwing Vacations and Sunwing Airlines that was first announced in March last year. The company says that, initially, the airlines will continue independent operations. However, WestJet says the two airlines will move from being competitors to collaborators. Stephen Hunter, formerly the CEO of Sunwing Vacations, […]
Canadian Pacific Railway announced it will acquire Kansas City Southern in a deal worth $29 billion. The newly merged company will be named Canadian Pacific Kansas City. The railways say the deal had unanimous support from both boards. The merger will now need to be approved by the U.S. Surface Transportation Board. If approved, the […]
The two airlines that service northern Saskatchewan have merged together to become one airline. West Wind Aviation and Transwest Air have consolidated to become Rise Air. Spokesperson Tracy Young-McLean says everyone is excited about the merger. “It’s been a long time coming,” said Young-McLean. “We’ve had two companies with very different cultures, very different ways […]
