The Daily Chase: Bunge to buy Glencore's Viterra unit for US$8.2B; B.C. port workers vote to strike
BNN Bloomberg
U.S. agribusiness giant Bunge is sealing the deal in its long-rumoured pursuit of Glencore's Viterra unit, announcing a deal to acquire the division for about US$8.2 billion in cash and stock.
B.C. PORT WORKERS VOTE FOR STRIKE ACTION
…and overwhelmingly so, with a whopping 99.24 per cent of votes cast by members of the International Longshore and Warehouse Union Canada supporting strike action “if necessary”. There's still time for the union and the B.C. Maritime Employers Association to work out a deal, however – the two sides are in a cooling-off period until June 21, and any strike couldn't begin until the 24 if things go south. Still, this is a high-stakes standoff – between Vancouver and Prince Rupert, you're looking at two of the busiest three ports in the country potentially facing labour stoppages.
MARKETS MUTED AS INVESTORS AWAIT THE FED
