Bunge Shareholders Approve Viterra Combination; Includes Issuance Of 65,611,831 Shares; Support Redomestication That Will Change Place Of Incorporation And Residence From Bermuda To Switzerland
Portfolio Pulse from Benzinga Newsdesk
Bunge shareholders have approved the combination with Viterra, which includes the issuance of 65,611,831 shares. The shareholders also support the redomestication that will change the place of incorporation and residence from Bermuda to Switzerland.
October 05, 2023 | 8:17 pm
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NEUTRAL IMPACT
Bunge's shareholders have approved a combination with Viterra and a redomestication from Bermuda to Switzerland. This could potentially impact the company's stock price.
The approval of the combination with Viterra and the redomestication could potentially impact Bunge's stock price. However, the direction of the impact is uncertain as it depends on various factors such as market reaction, operational efficiencies from the combination, and potential tax implications from the redomestication.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100