Viterra In Merger Talks With Bunge - Source

Viterra and Bunge are talking about merging. This comes from someone who knows about the situation.

A source says Viterra may not be able to make a deal. Glencore co-owns Viterra. The discussions are private. The source wants to stay anonymous.

Bunge's shares were $92.89 on Thursday. The company is worth $14 billion.

Viterra tried to buy Bunge in 2017 but it didn't work out. Bunge is one of the biggest grain traders in the world and was worth $11 billion at the time. Viterra used to be called Glencore Agriculture.

Bunge said "no" to Glencore in May 2017. Glencore wanted to talk about making a deal. Bunge didn't want to.

Glencore said they were checking out different choices for their share in Viterra to make things more worthwhile.

Glencore, Viterra, and Bunge didn't say anything. Bloomberg talked about the discussions between Viterra and Bunge first. Deep Vakil, Gus Trompiz, Clara Denina, and Karl Plume also reported on the topic from their locations in Bengaluru, Paris, London, and Chicago.