Glencore May Make Takeover Approach to Grain Trader Bunge

Glencore May Make Takeover Approach to Grain Trader Bunge

Glencore Plc, the miner and commodities trader led by billionaire Ivan Glasenberg, has made a takeover approach for U.S. grain trader Bunge Ltd., according to a person with knowledge of the situation, asking not to be named discussing a private matter.

Bunge, based in White Plains, New York, has a market value of about $11.3 billion. The shares jumped as much as 17 percent today after the Wall Street Journal reported Glencore’s approach.

Read more here on AgWeb.com

 

Tags

Retail - General
 

Latest News

Retail Industry
RhizeBio’s Doug Toal Talks Soil Microbiology, Ag Entrepreneurship With Top Producer
RhizeBio’s Doug Toal Talks Soil Microbiology, Ag Entrepreneurship With Top Producer

RhizeBio cofounder Doug Tole joins host Paul Neiffer for Episode 143 of the Top Producer Podcast.

Matthew J. Grassi
Retail Industry
A Message to the Ag Industry about H5N1
A Message to the Ag Industry about H5N1

The livestock industry needs a comprehensive, cohesive plan to address the virus. Producers, their employees and veterinarians need clear answers and support from U.S. agricultural leadership, moving forward.

Rhonda Brooks
Retail Industry
USDA Now Requiring Mandatory Testing and Reporting of HPAI in Dairy Cattle as New Data Suggests Virus Outbreak is More Widespread
USDA Now Requiring Mandatory Testing and Reporting of HPAI in Dairy Cattle as New Data Suggests Virus Outbreak is More Widespread

USDA is now ordering all dairy cattle must be tested prior to interstate travel as a way to help stop the spread of HPAI H5N1. This comes a day after FDA confirmed virus genetic material was found in retail milk samples.

Tyne Morgan
Retail Industry
5 Smart Farming Insights from America’s Largest Ag Publication
5 Smart Farming Insights from America’s Largest Ag Publication

A recent Farm Journal Farm Country Update webinar took a deep dive into the data behind farmer’s technology adoption motivations and how ag marketers can reach early ag tech adopters.

Matthew J. Grassi
Retail Industry
Who Is The Driving Force Buying Farmland?
Who Is The Driving Force Buying Farmland?

David Muth of Peoples Company Capital Markets, the Investment platform for Peoples Company, shares how institutional investors have reacted to higher interest rates on their land investments pursuits.

Margy Eckelkamp
Retail Industry
How Many Interest Rate Cuts Will We See in 2024?
How Many Interest Rate Cuts Will We See in 2024?

Dr. Vince Malanga shares insights on the U.S. economic outlook, and what areas demand the most attention.

Margy Eckelkamp
View More