- Bunge (NYSE:BG) -3.3% AH as Reuters reports the company talked with Glencore's (OTCPK:GLCNF, OTCPK:GLNCY) agricultural unit about setting up a North American partnership, not a sale of the entire company.
- Bunge surged more than 16% in today's trade after WSJ reported that Glencore had approached it about a "possible consensual business combination."
- Merger talk in the ag sector has been rising for months as commodities prices remain stubbornly low, but some analysts say BG's potentially high price tag, with a current valuation of ~$11B, raises questions about the feasibility of a deal.