Bunge Limited and Corn Products International in $4.8 Billion Merger Talks

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Researched by Industrial Info Resources (Sugar Land, Texas)--Bunge Limited (NYSE:BG) (White Plains, New York) and Corn Products International Incorporated (NYSE:CPO) (Westchester, Illinois) have announced merger talks valued at $4.8 billion. Under the terms of the agreement, which has been approved by the boards of directors of both companies, Corn Products stockholders will receive common shares of Bunge with a market value of $56 for each share of Corn Products common stock that they own. Following the closing of the transaction, Corn Products stockholders will own approximately 21% of Bunge's fully diluted shares.

The acquisition could be the beginning of a trend in the agriculture industry as commodity prices in the corn and soybean sectors continue to rise along with the price of fertilizer. The transaction is expected to close in the fourth quarter of 2008 and is subject to customary closing conditions, including receipt of regulatory clearances, as well as approval by the shareholders of both companies.

Bunge's Chairman and Chief Executive Officer Alberto Weisser stated, "Combining with Corn Products provides a unique opportunity for Bunge to establish an integrated, global presence in the corn value chain, which is highly complementary to our existing operations."

Corn Products Incorporated has corn-processing plants in Bedford Park, Illinois; Golden, Colorado; Missoula, Montana; Newark, Delaware; Stockton, California and Winston-Salem, North Carolina, as well as plants operating in Canada under the division name of Casco Incorporated. The company also has facilities in Columbia, Mexico, Venezuela, Ecuador, Peru, Brazil, Uruguay, Chile, Argentina, South Africa, Kenya, Pakistan, Malaysia, China and South Korea.

Bunge operates agricultural processing operations in 40 different countries and currently has interest in a biodiesel plant under construction in Danville, Illinois, and an ethanol plant under construction in Vicksburg, Mississippi.

Industrial Info's Ethanol Database provides a comprehensive outline of all current development activities in the emerging alternative fuels market. This database covers 156 ethanol plants in operation and 530 plants under development. It also covers 98 operational biodiesel plants and 245 biodiesel plants under development.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services.