Bunge will create Committee that can culminate in the sale of the company

The American Bunge, one of the largest companies in the global agribusiness, is close to an agreement with two investors which will allow activists add four directors to the Board of Directors and your create a strategic review committee which may culminate in the sale of the company, according to two sources. Bunge will announce tomorrow the agreement with the hedge fund D.E. Shaw & co. and Continental Grain agricultural investment company. With the agreement, the Council will be expanded to 11 people. Of the four rookies, three will take immediately (including one representing Continental) and last until the end of the year. Bunge has market value exceeding $ $9 billion.