- Language: English
- Published: January 2013
Research Update: Saskatchewan Wheat Pool, Agricore United On CreditWatch Following Hostile Bid By Wheat Pool
- Published: November 2006
- Standard & Poors
On Nov. 8, 2006, Standard & Poor's Ratings Services placed its ratings on Regina-based Saskatchewan Wheat Pool (SWP) on CreditWatch with positive implications. At the same time, Standard & Poor's placed its ratings on Winnipeg, Man.-based grain handler Agricore United (AU) on CreditWatch with developing implications. These CreditWatch placements follow the announcement of SWP's intention to make a hostile bid for AU's common shares, convertible preferred shares, and subordinated convertible debentures. The all-equity transaction would be valued at about C$550 million, with the exception of about C$26.5 million that SWP would pay for AU's convertible preferred shares. If the bid is successful this would be positive for both companies in terms of market share, synergies, and pricing power. The combined...
Companies mentioned in this report are: Viterra Inc.,Archer Daniels Midland Co.,Agricore United
Action: On CreditWatch:Developing
Action: On CreditWatch:Positive
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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Viterra Inc.,Archer Daniels Midland Co.,Agricore United
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