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 (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.
