Tajuk : One of the world’s largest commodities traders is reportedly in talks to make a big entry into America’s agriculture market
link : One of the world’s largest commodities traders is reportedly in talks to make a big entry into America’s agriculture market
One of the world’s largest commodities traders is reportedly in talks to make a big entry into America’s agriculture market
Thomson Reuters
Shares of agriculture-trading giant Bunge jumped by as much as 16% on Tuesday following a report that mining giant Glencore approached the company for a takeover.
The Wall Street Journal reported, citing people familiar with the matter, that Switzerland-based Glencore aims to gain a presence in the US agriculture market through a deal with Bunge. There’s no assurance that talks will lead to a deal, the report noted.
After Bunge’s stock-price move — the biggest intraday rise in eight years — its market cap was about $11.25 billion. Glencore, which trades on the London Stock Exchange, was worth approximately £42.3 billion ($55 billion.)
Glencore was squeezed two years ago when commodity prices plunged amid an economic slowdown in China. Investors also became concerned about Glencore’s ability to pay its debt, and sent its shares down by as much as 90% from their initial public offering level.
A deal would signal that Glencore has recovered from the episode, the WSJ noted.
Bunge reported a net loss in the first quarter and earlier in May cut its profits outlook for the year.
Markets Insider
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
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Thomson Reuters
Shares of agriculture-trading giant Bunge jumped by as much as 16% on Tuesday following a report that mining giant Glencore approached the company for a takeover.
The Wall Street Journal reported, citing people familiar with the matter, that Switzerland-based Glencore aims to gain a presence in the US agriculture market through a deal with Bunge. There’s no assurance that talks will lead to a deal, the report noted.
After Bunge’s stock-price move — the biggest intraday rise in eight years — its market cap was about $11.25 billion. Glencore, which trades on the London Stock Exchange, was worth approximately £42.3 billion ($55 billion.)
Glencore was squeezed two years ago when commodity prices plunged amid an economic slowdown in China. Investors also became concerned about Glencore’s ability to pay its debt, and sent its shares down by as much as 90% from their initial public offering level.
A deal would signal that Glencore has recovered from the episode, the WSJ noted.
Bunge reported a net loss in the first quarter and earlier in May cut its profits outlook for the year.
Markets Insider
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2qMiKrt
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
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Kini anda membaca artikel One of the world’s largest commodities traders is reportedly in talks to make a big entry into America’s agriculture market dengan alamat pautan https://timesnewmalaysia.blogspot.com/2017/05/one-of-worlds-largest-commodities.html
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