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Market Chatter: Richardson Gets Regulator Nod To Buy Assets From Glencore

Canadian grain handler Richardson International Limited, Canada's largest privately owned agri-business said on Thursday that it has received approval from Canada's Competition Bureau to close its C$800-million ($808 million) purchase of some country elevators, equity in a port grain terminal and processing plants from UK-listed Glencore International PLC, Reuters reported.

Richardson said it plans to close the transaction, which involves some assets Glencore acquired in its takeover of Viterra Inc (VT.TO) this month, as soon as possible in 2013.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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