|Bid||310.30 x 1586300|
|Ask||320.00 x 294500|
|Day's Range||312.90 - 320.85|
|52 Week Range||171.50 - 347.00|
|PE Ratio (TTM)||32.32|
|Dividend & Yield||0.07 (1.67%)|
|1y Target Est||N/A|
Global grain trader Bunge Ltd's cost cutting and restructuring plans could buy it time in the face of a takeover bid from a larger rival as it struggles to stay independent during a slump in the commodities market, analysts said. It owned 1.75 million Bunge shares as of the last quarter, according to securities filings, making it the 15th largest shareholder with a stake worth 1.24 percent of the company.
Bunge, the grain trading house, has detailed plans to slash $450m in costs and capital spending as it deals with weakening profit margins and a possible takeover bid from commodities titan Glencore. The ...
Global grain trader Bunge Ltd's sweeping plans to overhaul its business and cut costs may not be enough to compensate for weak earnings and could still leave it vulnerable to a new bid from diversified rival Glencore PLC. Bunge, the smallest of the listed global grains traders, rebuffed a bid from Glencore in May but its admission on Wednesday that second quarter earnings would disappoint has opened up the possibility that Glencore might make another approach, analysts said. If Glencore, whose market capitalization is more than five times Bunge's $11 billion, does make a second attempt and is successful, it would be the industry's largest shake-up in decades and redraw the global food supply chain.