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Business in the Burbs

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Bunge to sell 10 million shares


Bunge Ltd., the White Plains-based agribusiness giant, expects to raise about $697 million by selling 10 million shares to investors. Bunge said that it expects to use the proceeds from this offering to repay debt and for other corporate purposes. The company added that it expects to grant the offering’s underwriters a 30-day option to purchase up to an additional 1.5 million shares to cover over-allotments.

This entry was posted on Tuesday, August 11th, 2009 at 2:41 pm by Jay Loomis. You can follow any responses to this entry through the RSS 2.0 feed.
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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.


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