Bunge buys ag products company Corn Products International in $4.4 billion stock deal NEW YORK (AP) -- Agriculture heavyweight Bunge Ltd. will buy Corn Products International Inc. in a stock deal worth about $4.4 billion, the company said Monday.
Two of the nation's oldest agricultural businesses would become one in the deal, in which Bunge would also assume $414 million of Corn Products' debt.
The buyout will combine Corn Products' sweeteners, starches and other ingredients with Bunge's portfolio of agribusiness, fertilizer, edible oil and milling products.
The global market for starches and sweeteners alone is growing at approximately 5 percent each year, and Corn Products has some of the biggest beer and food makers in the world as clients.
Corn Products shareholders will get Bunge stock worth $56 for each Corn Products share under terms of the deal, a 31 percent premium to Corn Products' closing share price of $42.90 on Friday-CPO could be a great gap up fade as it is a 100 percent stock deal. -st0ckman
Ag products biz Bunge buys Corn Products for $4.4B: Financial News - Yahoo! Finance
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