People & Business :: Companies
Chemical Finance Digest, Mar. 19-23
3:26 PM MDT | March 26, 2012 | Vincent Valk
Topping the headlines last week, share buybacks and dividends are increasing as chemical companies continue to run up large cash balances. Over 60% of cash flow from operations was returned to chemical company shareholders in 2011, according to a new report. In M&A news, Agrium is planning to buy Viterra’s agricultural retail business in Canada and Australia for about $1.16 billion. The deal is pending the closure of Glencore’s acquisition of Viterra, a grain handler. Reuters says that the deal makes Agriuma ‘a quiet winner’ in the $6...
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