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Text size [+][-]  Wednesday November 19 2008GLOBAL EDITION

Considered view
23 Jun 2008 18:24


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Bunge has agreed to acquire Corn Products International in a $4.4bn all-stock transaction. Each share of Corn Products will be exchanged for $56 of Bunge stock, a 31% premium to the closing price on June 20. Bunge will also assume $414m of Corn Products debt.

The agricultural goods firms estimate the combination will achieve $100m to $120m in annual cost cuts and incremental profit. The deal is expected to close in the fourth quarter.

 

Commodity bubble-driven deals: 


robert.cyran@breakingviews.com

More stories by:  Robert Cyran

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