Bunge Global's (NYSE:BG) stock generated a 101% return over a five-year time frame, clearly indicating it as an attractive asset to investors. Operational entities including BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Xponance Inc, Envestnet Asset Management Inc and AQR Capital Management LLC have all bolstered their holdings in Bunge Global. Significant institutional ownership stands at 89%, demonstrating the faith large investors put into the company.
The firm underwent various business activities including a $2.0 Billion Senior Notes Offering and Exchange Offers and Consent Solicitations. One of the high-impact developments is a potential merger despite declining revenues. Bunge Global's upcoming dividend, valued at $0.68, is attracting attention.
In a major move, Bunge announced the sale of its ownership share in a Brazilian sugar and bioenergy joint venture. Revenue was hit as Q2 earnings plunged nearly 90%. Despite this, Bunge is pushing forward with a $34 billion merger, offering to sell EU assets to secure approval. Citi downgraded Bunge over biofuels weakness, Viterra doubts and concerns over $8.2 billion delayed Viterra acquisition. Nevertheless, consolidation looks promising as Bunge completes its move to Switzerland, indicates investment in a new protein concentrate facility, and forms a joint venture with Wilmar to increase market share.
Bunge Global Sa BG News Analytics from Tue, 05 Jul 2016 07:00:00 GMT to Sun, 29 Sep 2024 14:31:27 GMT - Rating 5 - Innovation 6 - Information 7 - Rumor -2
