Bunge Global SA (BG) has been the center of various transactions recently. Multiple entities including SG Americas Securities LLC, Gateway Investment Advisers LLC, and Price T Rowe Associates Inc. MD acquired shares of the company. Conversely, firms like Parkside Investments LLC and Janney Montgomery Scott LLC sold the company's shares. Bunge's second-quarter earnings missed estimates and declined nearly 90% due to shrinking processing margins. Later, the company updated its full-year adjusted EPS outlook.
There are rumors around a significant merger with Viterra, already winning conditional EU approval. However, the process had been delayed due to competition red flags raised by a Canadian agency. Moreover, Bunge also announced the sale of its ownership share in its bioenergy joint venture in Brazil. Investors are concerned about Bunge's future growth due to slipping commodity prices. Despite the turmoil, the company has completed its incorporation in Switzerland and continues to announce a dividend payout of $0.68.
Bunge Global Sa BG News Analytics from Fri, 14 Apr 2023 07:00:00 GMT to Sun, 11 Aug 2024 15:47:00 GMT - Rating 2 - Innovation 4 - Information 5 - Rumor -3
