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News and analysis on the global poultry
and animal feed industries.
on August 5, 2009

Doubts over Viterra takeover of ABB

Analysts fear the resignation of company directors heralds a failed union.

The resignation of ABB Grain's directors has led agri-business analysts to believe Canada-based Viterra's takeover of ABB Grain may fall through, ABC rural reported.

Agri-business analyst Paul Jentz said the departure of two company directors has caused confusion and uncertainty.

ABB Grain chairman Perry Gunner, however, said managing director Michael Iwaniw had resigned before the deal announcement.

Shareholders of Australia's largest agri-business will decide the company's future in a vote next month. The deal's details and the voting forms are being posted to shareholders, Gunner said.

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