Economics
ADM Is Said in Advanced Talks to Buy Commodity Trader Bunge
- Deal would accelerate consolidation in grain-trading industry
- An agreement between ADM and Bunge may be announced this week
ADM Said to Be in Advanced Talks to Buy Bunge
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Archer-Daniels-Midland Co.’s in advanced talks to acquire commodity trader Bunge Ltd., a deal that could spell the end for a company independent for two centuries and reorder the financial environment that enables farming across the globe.
ADM and Bunge, which has a market value of about $11.5 billion, could reach an agreement as early as this week, people familiar with the deal said, asking not to be identified because the deliberations are private. The takeover talks could still fall apart, while other bidders could still be interested in acquiring Bunge, the people said. ADM is scheduled to announce full-year earnings Tuesday.