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ADM makes takeover approach for grain trader Bunge: source

ADM company on the Ohio River in Evansville, Indiana. ADM, which dates back to 1902, has tried to expand its international operations in part to take advantage of growing demand from China.


Top US grain merchant Archer Daniels Midland Co has proposed a takeover of Bunge Ltd, according to a person familiar with the approach, which could set up a bidding war with Swiss-based rival Glencore plc.

Large grain traders that make money by buying, selling, storing and...

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