13 June 2023
Bunge Limited (NYSE: BG) today announced that it will merge with Viterra in a stock and cash transaction.
Viterra shareholders will receive approximately 65.6 mil shares of Bunge stock and approximately $2 billion in cash. As part of the transaction, Bunge will assume $9.8 billion of Viterra debt, which is associated with approximately $9.0 billion of highly-liquid Readily Marketable Inventories.
In addition to this, Bunge announced that it plans to repurchase $2 billion of Bunge’s stock and expects to complete the repurchase plan no later than 18 months post transaction close.
More, Source: Company’s Press Release