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US agribusiness Bunge Ltd. agreed to buy Glencore Plc-backed Viterra for $8.2 billion in stock and cash, creating a trading giant capable of competing with the world’s biggest agricultural ...
U.S. grain trader and oilseed processor Bunge BG0.26%increase; green up pointing triangle agreed to acquire Glencore GLEN 0.82%increase; green up pointing triangle-backed Viterra in an $8.2 ...
Acquiring Viterra would bring Bunge's revenue, which was $67.2 billion in 2022, more in line with that of ADM, which registered sales of nearly $102 billion last year.
Under the terms of the deal, Bunge will pay Viterra shareholders about 65.6 million shares valued at $6.2 billion and about $2 billion in cash. Bunge will also assume $9.8 billion of Viterra’s debt.
Bunge is buying Viterra in a deal that is worth approximately $18 billion. Approximately 65.6 million shares of Bunge stock will be issued to Viterra shareholders.
Bunge and Viterra Complete Merger: What Does It Mean? The company says this new merged business brings strategic benefits in a transformative business combination. By Margy Eckelkamp.
Grain and oilseed processor Bunge Ltd. said Tuesday it has agreed to combine with Rotterdam-based Viterra Ltd. in a cash-and-stock deal valued at about $18 billion, including debt.
Under the agreement’s terms, which were unanimously approved by the boards of directors of both companies, Viterra shareholders would receive about 65.6 million shares of Bunge stock, with an ...
The merger between Bunge and Viterra would Increase Bunge's revenues by approximately 100%. Read why I upgrade BG stock from sell to buy.
Viterra, formerly known as Glencore Agriculture, made the headlines in 2017 for a failed takeover approach to Bunge, one of the giant names of global grain trading, then valued at $11 billion.
Bunge Ltd.’s proposal to acquire Glencore-backed Viterra will undergo a public review in Canada, including with members of the port and marine industry, to ensure fair transportation pricing and ...
Global grain trader Viterra's management team in Russia plans to create an independent Russian grain exporter once the company ceases export activities in the country, the head of its Russian ...
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