The moon is seen during a lunar eclipse in Los Angeles
Reuters initially reported that Bunge Ltd, a U.S. grains merchant, was in the late stages of negotiations to merge with Viterra, which is backed by Glencore Plc. The merger, which was officially announced today, creates an agricultural trading giant worth more than $30 billion, including debt. The combined company is now on a similar scale to Archer-Daniels-Midland and Cargill, with Bunge and Viterra valued at approximately $17 billion each. Bunge shareholders will own the majority of the company, as Bunge is paying for a large portion of the deal with cash.
