Glencore Makes Takeover Approach to Bunge
Glencore has made a takeover approach to grain trader Bunge, people familiar with the matter said, a move that would make the Swiss mining giant a major player in the U.S. agriculture market.
It isn't clear where any discussions between the companies stand, and there may not be any deal. But if there is one, it would be substantial: Bunge had a market value Tuesday of nearly $10 billion; including debt, its so-called enterprise value was about $15 billion. Glencore is a mining and commodity-trading powerhouse with a market value of £42.3 billion ($55 billion).