03:52 PM EST - Viterra Inc. : announced a definitive merger agreement pursuant to which a subsidiary of Viterra will acquire all of the outstanding shares of Dakota Growers, a producer and marketer of dry pasta products in North America. A subsidiary of Viterra will commence a tender offer to purchase all outstanding shares of common stock of Dakota Growers at $18.28 per share and all outstanding shares of Series D preferred stock of Dakota Growers at $0.10 per share. The transaction represents a total enterprise value of $240 million U.S., which includes equity value and anticipated net cash/debt at closing, subject to certain adjustments for transaction costs and other closing adjustments. The transaction is expected to close in the second quarter of current year. Viterra Inc.
shares T.VT are trading up $0.23 at $9.88.
