A possible merger between agriculture giants Archer-Daniels-Midland Co. and Bunge Ltd. has circulated within the past few days, according to a Bloomberg, citing a person briefed on the matter over the weekend. The news comes less than a year after Glencore Plc approached Bunge about a deal.
Neither company had responded to the report, which raises the possibility for a bidding battle between ADM and Glencore. Sources also anticipate much regulatory review.
Both companies have a relatively small involvement in fertilizer, compared to their grain operations.