To Bunge Or Not To Bunge

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About: Bunge Limited (BG)
by: Brecht Hanssens
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Brecht Hanssens
Deep Value, Moats, long only, special situations
Summary

Bunge CEO Schroder is leaving the company without a successor being put forward.

Very recently, the company has added prominent new investors and board members from D.E. Shaw & CO and Continental Grain CO.

After nearly two years of M&A rumours, a sale seems imminent.

All pawns are being put in place for a sale or merger of Bunge. While business has improved compared to 2017, the stock has slumped in 2018. This alone makes Bunge a take-over target. Then,