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Client Work

Viterra formally appoints a standing special committee

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Viterra Inc.

On January 1, 2013, Viterra Inc. (“Viterra”) announced that, following the acquisition of Viterra by a subsidiary of Glencore International plc (“Glencore”), pursuant to a court approved plan of arrangement, the board of directors of Viterra formally appointed a standing special committee (the “Special Committee”) consisting of Larry Ruud and Robert Wardell (each of whom are independent directors of Viterra) which will, among other things, provide an independent review of material related party matters. On January 1, 2013, the Special Committee considered certain reorganizational matters including the recently completed amalgamation (the “Amalgamation”) of Glencore’s subsidiary and Viterra under the Canada Business Corporations Act. The Special Committee determined, following receipt of an opinion from Paradigm Capital Inc. and legal advice from Fasken Martineau DuMoulin LLP, that the Amalgamation and other certain reorganizational matters reviewed by the Special Committee were in the best interests of Viterra. The Special Committee was represented by a team of Fasken Martineau lawyers that included, John Turner, Gregory Ho Yuen, Jessica Catton and Francesco Tallarico (corporate governance and corporate/securities) and Scott Rollwagen (research).


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