According to Viterra, the proposal was approved by more than 99.8% of the shareholders who cast a vote.
Viterra noted that the deal is subject to a final order of the Ontario Superior Court of Justice, which is expected to be sought on 31 May 2012. In addition, certain regulatory and other approvals are required in order for the transaction to occur.
Provided that approval of the court is granted and that all other conditions of the deal are satisfied or waived, Viterra expects the transaction to close by the end of July 2012.
In March, Glencore International signed a definitive agreement to acquire Canadian grain handler Viterra.
Gelncore also entered into an agreement to sell certain Viterra's assets such as grain elevators and retail agri-products business to Agrium and Richardson International to allay concerns of the Ottawa regulatory body, which might block the deal on competition grounds.
The acquisition will enable Glencore to cement its position in grain markets as Viterra operates grain-marketing and distribution businesses across Canada, the US, Australia, New Zealand and China.
