Bunge Global SA (BG), the agribusiness giant, recently announced the pricing of $2.0 billion in Senior Notes offering. The company is being predominantly controlled by institutional owners, holding 89% of shares. There is a significant increase in short interest for BG but it seems to manage debt quite sensibly. Making headlines, Bunge is set to acquire Viterra in a major stock and cash deal estimated to be around $8 billion. This has led to initiating exchange offers for Viterra notes and offering concessions to secure European approval for the deal. Despite falling revenues, insiders, such as the Co-President of Agribusiness bought 20,000 shares, worth 2.07 million, indicating potential optimism. Bunge also reported its fourth quarter results and completed its jump to incorporation in Switzerland, displaying solid fundamentals and long-term growth levers. The company's upcoming dividend would be $0.68.
Bunge Global Sa BG News Analytics from Fri, 12 Jun 2015 05:47:04 GMT to Sat, 14 Sep 2024 13:10:44 GMT -
Rating 4
- Innovation 6
- Information 9
- Rumor 2
