Gillian Tan, Columnist

Sowing Glencore's Waves of Grain

The commodities giant has the resources for a deal, and shouldn't have to overpay for its target.

May 23, 2017 at 9:47 PM UTC

Gillian Tan is a senior reporter covering finance and alternative asset classes including real estate, infrastructure, private equity, private credit, venture capital and sports business. She previously wrote an opinion column for Bloomberg and was a reporter at the Wall Street Journal. She is a qualified chartered accountant.

1495576260_pic — Photographer: Photographer: Vincent Mundy/Bloomberg

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Glencore is ready for an encore.

Some four years after the commodities giant completed its merger with Xstrata Ltd., the Swiss company has honed in on its next multi-billion dollar target: Grain trader Bunge Ltd. Glencore Plc confirmed news reports that its agriculture joint venture made an informal approach regarding a "possible consensual business combination" with White Plains, New York-based Bunge, sending its shares 17 percent higher late Tuesday.