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.
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1 comment:
Dear Bushels of Corn,
I just started researching the Corn future market and i am very interested in Corn inventory levels in the US. Do you have any recommendations where to find this information?
Best Regards
Pieter
pkuiken@gm**l.com
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