Bunge (BG) Up Today on Talks With Vale (VALE) About Brazilian Asset Sale
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Bunge (NYSE: BG) shares remain high as the agricultural giant is in talks to sell their Brazilian assets to Vale S.A. (NYSE: VALE). Shares of BG are settling a little, up $69.57, or 2.29%, now after reaching $74.04 earlier in the day. Vale, is seeing a 1.65% drop to $30.34. Vale went as low as $30.02 today.
The transaction is estimated to be valued at $3.8 billion. The deal includes phosphate rock mines and processing plants for phosphates and nitrogen.
The transaction is estimated to be valued at $3.8 billion. The deal includes phosphate rock mines and processing plants for phosphates and nitrogen.
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