|Bid||287.00 x 1586300|
|Ask||297.00 x 294500|
|Day's Range||285.70 - 294.10|
|52 Week Range||124.55 - 347.00|
|PE Ratio (TTM)||30.08|
|Dividend & Yield||0.07 (1.82%)|
|1y Target Est||N/A|
Shares of Bunge Ltd scaled to a 22-month peak on Wednesday after merger overtures by Glencore Plc's agriculture unit whetted investors' appetite for consolidation in the commodities sector. Grain trading veterans like Bunge, Archer Daniels Midland Co and Cargill Inc [CARG.UL], which already have a sizable U.S. presence, are aiming up the supply chain with specialty, higher-margin products. Meanwhile, foreign players like Glencore and China's Cofco Group [CNCOF.UL] are eager to gain a foothold in the United States - the world's top agricultural products exporter - and other key production areas in South America, where Bunge dominates.
- Shares of Bunge held its gains on Wednesday after Glencore disclosed a takeover approach. Glencore said it had made an "informal approach" to Bunge about a "possible consensual business combination". - U.S. academic Ted Malloch who claimed to be Donald Trump's likely ambassador to the EU, was never under consideration for the position.
Shares of Bunge Ltd touched a 22-month high on Wednesday, signaling investors' hopes for consolidation in the commodities sector even after the U.S. agribusiness said it was not in M&A talks with the agricultural unit of Glencore Plc. Glencore shares slipped 0.1 percent to 291.75 pence. News that Glencore Agriculture Ltd, a joint venture owned by Glencore and two Canadian pension funds, had informally approached Bunge about a "possible consensual business combination" sparked Bunge's sharpest rally in more than eight years on Tuesday.