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The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

Bunge-Glencore truce ending?

From Reuters:

Shares of Bunge Ltd. rose on news that an agreement that temporarily stopped Glencore from making a hostile bid will expire early next year.

The Wall Street Journal reported on the existence of the agreement and noted it might signal that Glencore is still interested in Bunge but is biding its time.

Bunge had rebuffed a takeover approach by Glencore in May.

More at the Western Producer

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