Following a review of the proposed acquisition, the ACCC has stated that they will not intervene or seek to prevent the Arrangement.
Mayo Schmidt, president and CEO of Viterra, said: “We are pleased to confirm the ACCC has formed the view that it will not intervene in the proposed acquisition. This is another milestone in the acquisition process, and we are working to conclude the Arrangement in a timely manner.”
Viterra expects the transaction to close by the end of July 2012.
Source: Viterra
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