GFM Network News

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Bunge CEO Schroder to step down amid investor pressure

Reuters — Bunge CEO Soren Schroder is stepping down after five years at the helm of the global agribusiness, following months of pressure from shareholders to shake up the company amid a prolonged grain market slump. The management change is the latest event to rattle the two-century-old commodities trader after a stretch of particularly weak […] Read more

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Fund raises stake in Bunge, reportedly pushing for change

Reuters — Hedge fund D.E. Shaw and Co. has raised its stake in Bunge and was working with Continental Grain to make operational improvements at the grain trader, the Wall Street Journal reported, citing people familiar with the matter. Bunge’s shares were up 2.5 per cent at US$70.64 on Monday. The firms, which together own […] Read more

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Continental Grain to push Bunge to consider potential sale

Chicago | Reuters — U.S. agricultural investor Continental Grain plans to push Bunge to consider a potential sale, a person familiar with the matter said on Monday, after Archer Daniels Midland approached Bunge about a takeover. It was unclear how Continental Grain would pressure Bunge, one of the world’s top agricultural merchants. But the company, […] Read more

Wayne Farms files for IPO

Reuters — Wayne Farms, the sixth-largest poultry producer in the U.S., has filed with U.S. regulators in an initial public offering of common stock. Wayne Farms is a subsidiary of Continental Grain, one of the largest privately-held corporations in the U.S. Citigroup, J.P. Morgan and BMO Capital Markets are underwriting the IPO, Wayne told the […] Read more