Bunge Limited Announces Expiration of Waiting Period Under HSR Act for Corn Products International Transaction
September 03 2008 - 9:00AM
PR Newswire (US)
WHITE PLAINS, N.Y., Sept. 3 /PRNewswire-FirstCall/ -- Bunge Limited
(NYSE:BG) today announced that the waiting period under the
Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 relating
to Bunge's proposed merger with Corn Products International, Inc.
(NYSE:CPO) has expired, thereby satisfying a condition to the
closing of the transaction. The transaction remains subject to the
satisfaction of other customary closing conditions, including
receipt of non-U.S. regulatory clearances, as well as approval by
the shareholders of both companies. The transaction is expected to
close in the fourth quarter of 2008. About Bunge Limited Bunge
Limited (http://www.bunge.com/, NYSE: BG) is a leading global
agribusiness and food company founded in 1818 and headquartered in
White Plains, New York. Bunge's over 25,000 employees in over 30
countries enhance lives by improving the global agribusiness and
food production chain. The company supplies fertilizer to farmers
in South America, originates, transports and processes oilseeds,
grains and other agricultural commodities worldwide, produces food
products for commercial customers and consumers and supplies raw
materials and services to the biofuels industry. Forward-Looking
Statements This news release contains "forward-looking statements"
regarding the proposed merger between Bunge and Corn Products.
Statements made in the future tense, and words such as
"anticipate," "expect," "project," "continue," "believe," "plan,"
"estimate," "intend," "will," "may" and similar expressions are
intended to identify forward-looking statements. These statements
are based on current expectations, but are subject to certain risks
and uncertainties, many of which are difficult to predict and are
beyond the control of Bunge and Corn Products. Relevant risks and
uncertainties include those referenced in Bunge's and Corn
Products' filings with the Securities and Exchange Commission (the
"SEC") which can be obtained as described in "Additional
Information" below. Risks and uncertainties relating to the
proposed merger include: required regulatory approvals may not be
obtained in a timely manner, if at all; the proposed merger may not
be consummated; the anticipated benefits of the proposed merger,
including synergies, may not be realized; and the integration of
Corn Products' operations with those of Bunge may be materially
delayed or will be more costly or difficult than expected. These
risks and uncertainties could cause actual results to differ
materially from those expressed in or implied by the
forward-looking statements, and therefore should be carefully
considered. Bunge assumes no obligation to update any
forward-looking statements as a result of new information or future
events or developments. Additional Information This news release is
not a substitute for the preliminary joint proxy
statement/prospectus or any other documents that Bunge and Corn
Products have filed or will file with the SEC in connection with
the proposed merger. Investors and securityholders are urged to
carefully read the preliminary joint proxy statement/prospectus and
any other relevant documents filed or to be filed by Bunge or Corn
Products, including the definitive joint proxy statement/prospectus
when it becomes available, because they contain or will contain
important information. The preliminary joint proxy
statement/prospectus is, and other documents filed or to be filed
by Bunge and Corn Products with the SEC are or will be, available
free of charge at the SEC's web site (http://www.sec.gov/), by
accessing Bunge's website at http://www.bunge.com/ under the tab
"About Bunge" and then under the heading "Investor Information" and
from Bunge by directing a request to Bunge Limited, 50 Main Street,
White Plains, New York 10606, Attention: Investor Relations, and
from Corn Products by directing a request to Corn Products
International, Inc., 5 Westbrook Corporate Center, Westchester,
Illinois 60154, Attention: Investor Relations. Bunge, Corn Products
and their respective directors, executive officers and other
employees may be deemed to be participants in a solicitation of
proxies from the securityholders of Bunge or Corn Products in
connection with the proposed merger. Information about Bunge's
directors and executive officers is available in Bunge's proxy
statement, dated April 16, 2008, for its 2008 annual meeting of
shareholders and in Bunge's most recent filing on Form 10-K.
Information about Corn Products' directors and executive officers
is available in Corn Products' proxy statement, dated April 4,
2008, for its 2008 annual meeting of stockholders and in Corn
Products' most recent filing on Form 10-K. Additional information
about the interests of potential participants is included in the
preliminary joint proxy statement/prospectus referred to above.
DATASOURCE: Bunge Limited CONTACT: Investors, Mark Haden,
+1-914-684-3398, ; or Media, Stewart Lindsay, +1-914-684-3369, ,
both of Bunge Limited Web site: http://www.bunge.com/
http://www.cornproducts.com/
Copyright
Corn Products (NYSE:CPO)
Historical Stock Chart
From Jun 2024 to Jul 2024
Corn Products (NYSE:CPO)
Historical Stock Chart
From Jul 2023 to Jul 2024