Latest news with #ViterraLimited
Yahoo
a day ago
- Business
- Yahoo
Bunge & Viterra Close Merger, Form Global Agribusiness Powerhouse
Bunge Global SA BG announced that it closed its previously stated merger with Viterra Limited. This combination forms a global agribusiness company, positioned to meet market demands and deliver enhanced value to farmers and customers worldwide. The merger was announced in June 2023 and was unanimously approved by the boards of directors of both Bunge and Viterra. In October 2023, Bunge's shareholders approved the merger. The shareholders had also approved the issuance of 65,611,831 common shares, par value of 1 cent per share of Bunge. The deal faced several setbacks, including regulatory challenges and concerns over competition in the global market, resulting in merged entity will boast an enhanced global network with a diversified agriculture network covering all major crops. The combination of both companies' highly complementary asset footprints and distribution networks will connect the world's largest production regions to areas of the fastest-growing demand. This will enhance the geographical balance and adaptability of the global value chains. A diversified global mix of earnings across processing, handling and merchandising and value-added products will lead to solid cash flow with increasing operational efficiency, the combination will further enhance Bunge's innovation know-how. This will equip the company to address the pressing needs of food security, efficiency for end-customers, market access for farmers and sustainable food, feed and renewable fuel combination is expected to benefit from significant incremental network synergies across joint commercial excellence opportunities, vertical integration efficiencies, and improved logistics optimization and trading optionality from a larger and broader merger is expected to lead to $250 million in annual gross pre-tax operational synergies in the first three years. The transaction is expected to be accretive to Bunge's adjusted earnings per share in the first full year post closing. It is anticipated to improve with the realization of synergies. Shares of Bunge have lost 23.1% over the past year compared with the industry's 9.6% decline. Image Source: Zacks Investment Research BG currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the basic materials space are Carpenter Technology Corporation CRS, SSR Mining Inc. SSRM and ATI Inc. ATI. These three companies currently carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks Technology has an average trailing four-quarter earnings surprise of 11.1%. The Zacks Consensus Estimate for CRS' 2025 earnings is pegged at $7.20 per share, which indicates year-over-year growth of 51.9%. Carpenter Technology shares have skyrocketed 111% last Mining has an average trailing four-quarter earnings surprise of 58.8%. The Zacks Consensus Estimate for SSRM's 2025 earnings is pegged at $1.14 per share, implying year-over-year growth of 307%. SSR Mining stock has surged 88.6% last has an average trailing four-quarter earnings surprise of 12.54%. The Zacks Consensus Estimate for ATI's 2025 earnings is pegged at $3.01 per share, indicating year-over-year growth of 22.4%. ATI shares have jumped 54% last year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ATI Inc. (ATI) : Free Stock Analysis Report Bunge Global SA (BG) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Silver Standard Resources Inc. (SSRM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Winnipeg Free Press
2 days ago
- Business
- Winnipeg Free Press
Viterra, Bunge $8.2B merger officially completed
Bunge announced its successful merger with Viterra Limited, forming what they anticipate will be a leading global agribusiness company specializing in food, feed, and fuel. This US$8.2-billion deal was finalized nearly six months after the Canadian government approved the merger, having included specific terms and conditions to address competition concerns. According to a media release, Bunge's CEO, Greg Heckman, stated that this union creates a more robust organization with enhanced capabilities and expertise. Viterra, a grain-handling business formerly known as the Saskatchewan Wheat Pool, operates over 80 facilities across Canada. As part of the new structure, former Viterra CEO David Mattiske now serves as Co-Chief Operating Officer on Bunge's Executive Leadership Team. He joins Julio Garros, who previously held the role of Bunge's Co-President of Agribusiness. This report by The Canadian Press was first published July 3, 2025.
Toronto Star
2 days ago
- Business
- Toronto Star
Viterra, Bunge $8.2B merger officially completed
Bunge announced its successful merger with Viterra Limited, forming what they anticipate will be a leading global agribusiness company specializing in food, feed, and fuel. This US$8.2-billion deal was finalized nearly six months after the Canadian government approved the merger, having included specific terms and conditions to address competition concerns.
