Bunge Ltd. Clears Regulatory Hurdle for Corn Products Deal

The Hart-Scott-Rodino Antitrust Improvements Act has been successfully fulfilled by Bunge Ltd. in its quest to acquire Corn Products International. It involved satisfying a required regulatory waiting period.

While international clearance and approval by shareholders is still waiting in the wings, the deal is expected to close sometime in the fourth quarter.

Bunge sells a number of agricultural commodities and food products. The price range of the stock has traded in a wide swoth of $84 to $135 over the last year.

Bunge has offered about $4.8 billion for Corn Products, which includes assuming about $414 million in debt.

Corn Products will continue operating under its existing brand name.