Disclaimer

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 buys U.S. corn flour mills, following ADM takeover approach

Excerpts from Reuters:

U.S. grain merchant Bunge Ltd bought two corn flour mills to expand its food and ingredients business, the company said on Tuesday.

The move comes after a bid to takeover Bunge by rival Archer Daniels Midland Co. that would consolidate the agribusiness sector.

Bunge’s North American arm, based in St. Louis County, […]

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ADM-Bunge deal would create Cargill-sized agribusiness giant

From the Chicago Tribune:

The world of agricultural-commodity trading could be upended with the merger of two of its biggest names. Archer-Daniels-Midland Co. has sought deal talks with Bunge Ltd., a person briefed on the matter said at the weekend. That’s less than a year after Glencore approached Bunge about a deal.

ADM and Bunge […]

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ADM pursues big ag merger with grain trader Bunge

From Reuters:

Top U.S. grain merchant Archer Daniels Midland Co. has proposed a takeover of Bunge Ltd., according to a person familiar with the approach, which could set up a bidding war with Swiss-based rival Glencore Plc.

Bunge, which rebuffed an acquisition offer from Glencore last year, might not follow up on ADM’s proposal, the […]

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Maersk Line set to reflag Hamburg Süd containerships away from Germany

From The Loadstar:

Maersk Line confirmed last week its intention to reflag a number of Hamburg Süd vessels, including 10,600 teu flagships Cap San Juan, Cap San Lazaro and Cap San Vincent, to either Danish or Singapore registration early next year.

The decision – which it said was in line with Maersk Line’s “flagging strategy” […]

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Glencore takeover of Bunge ‘could be possible this year’

From Agrimoney:

A takeover by Glencore of US-based ag giant Bunge “could be possible this year”, Credit Suisse said, cutting its scepticism on a deal after the commodities group unveiled some wriggle room in its financial guidance.

Credit Suisse analysts – who last month flagged a “diminished risk” of Glencore succeeding in the takeover, after […]

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