We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Bunge Global SA | NYSE:BG | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-1.25 | -1.19% | 104.14 | 105.96 | 103.99 | 105.88 | 215,172 | 16:39:04 |
By Adriano Marchese
One of Viterra's largest shareholders, the Canadian Pension Plan Investment Board, said that it has signed an agreement to allow the merger of the company to agribusiness giant Bunge.
On Tuesday, Bunge and privately held agriculture network company Viterra signed a definitive agreement to merge in a cash-and-stock deal that would create a large diversified agribusiness with global reach.
CPP Investments, a Canadian Crown corporation which oversees and invests Canada Pension Plan funds and which owns 40% of Viterra, said that it has signed the agreement in support of the proposed merger.
Under the terms of the agreement, Viterra shareholders would receive about 65.6 million shares of Bunge stock with a value of $6.2 billion, as well as $2 billion in cash.
Of the transaction, CPP Investments would receive a roughly 12% stake in the newly combined business and about $800 million in cash.
Glencore and British Columbia Investment Management Corporation, who together own the other 60% of Viterra, will also become shareholders of Bunge.
The transaction is expected to close in mid-2024 after receiving the proper regulatory approvals and satisfying the closing conditions.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
June 13, 2023 07:18 ET (11:18 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year Bunge Global Chart |
1 Month Bunge Global Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions