Reuters: Hot Stocks: Viterra says in exclusive sale talks with suitor

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Viterra says in exclusive sale talks with suitor Mar 19th 2012, 15:41 Mon Mar 19, 2012 11:41am EDT March 19 (Reuters) - Canada's biggest grain handler, Viterra , said on Monday it was in exclusive talks with a prospective buyer. Viterra didn't identify the suitor, but industry sources have said Swiss-based commodities trader Glencore is developing a bid that would involve Canadian grain handler Richardson International Ltd and farm retailer Agrium Inc. Shares of the Regina, Saskatchewan-based company have climbed by nearly half since March 9, when Viterra said it had received expressions of interest from third parties. Winning Viterra would give a company access to Canada's canola, spring wheat, durum and oat supplies, just as the Canadian Wheat Board's marketing monopoly over wheat and barley is set to end later this year.

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