(Reuters) — Shares of Bunge Ltd. rose on news that an agreement that temporarily stopped Glencore from making a hostile bid will expire early next year.
The Wall Street Journal reported on the existence of the agreement and noted it might signal that Glencore is still interested in Bunge but is biding its time.
Bunge had rebuffed a takeover approach by Glencore in May.
Canadian pension plans own 49.99 percent of Glencore Agriculture. Bunge is a minority partner in G3 Global.