Bunge Ltd.’s chief executive said Wednesday a newly formed board committee will consider all options to improve the agricultural giant’s value, but it would bring no “preconceived” plans.
According to a report at The Wall Street Journal, the world’s largest soybean processor on Wednesday added four new directors to its board, three of which will join the new committee that could open the door to a potential sale.
The board moves are part of settlements with two activist investment firms, hedge fund D.E. Shaw & Co. and Continental Grain Co.
The investment firms aren’t specifically pushing for a sale of the company, but want it to explore all possible options to improve value, The Wall Street Journal has reported.
