RE: A copy and paste Also .....
Based on the median 10 times multiple of earnings before interest, tax, depreciation and amortization paid in comparable deals, Viterra may command about C$17 a share, the data show.
Viterra rose 24 percent to C$13.58 as the close in Toronto, giving it a market value of C$5.05 billion. The shares dropped5.5 percent in the 12 months through yesterday, while the S&P/TSX Consumer Staples Index advanced 2.9 percent.
Alberta Investment Management Corp., the largest Viterra shareholder with a 17 percent stake, in November rejected the grain handler’s proposed board of directors, describing them as“unresponsive.”
The Edmonton, Alberta-based fund said it “does not believe that the current Viterra board has the required skills or expertise to meet the company’s leadership needs as a growing international agribusiness.”