Bunge Limited Announces Exercise of Over-Allotment Option for Common Shares
August 17 2009 - 8:05AM
PR Newswire (US)
WHITE PLAINS, N.Y., Aug. 17 /PRNewswire-FirstCall/ -- Bunge Limited
(NYSE: BG) announced today that the underwriters of its previously
announced public offering of 10,500,000 common shares have
exercised in full their over-allotment option to purchase an
additional 1,500,000 common shares at the public offering price of
$65.50 per share, less the applicable underwriting discount. The
offering, including the issuance of the over-allotment shares, is
expected to close on August 18, 2009. As a result of the exercise
of the over-allotment option, Bunge expects to receive aggregate
net proceeds of approximately $760 million from the offering. Bunge
intends to use the net proceeds from the offering to repay
indebtedness and for other general corporate purposes. Morgan
Stanley & Co. Incorporated and Credit Suisse Securities (USA)
LLC are serving as joint book-running managers, Citigroup Global
Markets Inc. and J.P. Morgan Securities Inc. are serving as senior
co-managers and BNP Paribas Securities Corp., Calyon Securities
(USA) Inc., Rabo Securities USA, Inc. and SG Americas Securities,
LLC are serving as co-managers for the offering. This press release
does not constitute an offer to sell or a solicitation of an offer
to buy any securities. A registration statement relating to these
securities has been filed with the Securities and Exchange
Commission and is effective. A written prospectus for this offering
meeting the requirements of Section 10 of the Securities Act of
1933 (other than a free writing prospectus as defined in Securities
Act Rule 405) may be obtained from Morgan Stanley & Co.
Incorporated, 180 Varick Street, 2nd Floor, New York, New York
10014, Attention: Prospectus Department, 1-866-718-1649 or by
e-mail at or from Credit Suisse Securities (USA) LLC, Attn:
Prospectus Department, One Madison Avenue, New York, NY 10010,
(800) 221-1037. About Bunge Limited Bunge Limited
(http://www.bunge.com/, NYSE: BG) is a leading global agribusiness
and food company founded in 1818 and headquartered in White Plains,
New York. Bunge's 25,000 employees in over 30 countries enhance
lives by improving the global agribusiness and food production
chain. The company supplies fertilizer to farmers; originates,
transports and processes oilseeds, grains and other agricultural
commodities; produces food products for commercial customers and
consumers; and supplies raw materials and services to the biofuels
industry. Cautionary Statement Concerning Forward-Looking
Statements This press release contains both historical and
forward-looking statements. All statements, other than statements
of historical fact are, or may be deemed to be, forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These forward-looking statements are not based
on historical facts, but rather reflect our current expectations
and projections about our future results, performance, prospects
and opportunities, including whether or not we will consummate the
offering described herein and the anticipated use of proceeds of
the offering. We have tried to identify these forward-looking
statements by using words including "may," "will," "should,"
"could," "expect," "anticipate," "believe," "plan," "intend,"
"estimate," "continue" and similar expressions. These
forward-looking statements are subject to a number of risks,
uncertainties and other factors that could cause our actual
results, performance, prospects or opportunities to differ
materially from those expressed in, or implied by, these
forward-looking statements. The following important factors, among
others, could affect our business and financial performance:
industry conditions, including fluctuations in supply, demand and
prices for agricultural commodities and other raw materials and
products used in our business, fluctuations in energy and freight
costs and competitive developments in our industries; the effects
of weather conditions and the outbreak of crop and animal disease
on our business; global and regional agricultural, economic,
financial and commodities market, political, social and health
conditions; the outcome of pending regulatory and legal
proceedings; our ability to complete, integrate and benefit from
acquisitions, dispositions, joint ventures and strategic alliances;
changes in government policies, laws and regulations affecting our
business, including agricultural and trade policies, tax
regulations and biofuels legislation; and other factors affecting
our business generally. The forward-looking statements included in
this release are made only as of the date of this release, and
except as otherwise required by federal securities law, we do not
have any obligation to publicly update or revise any
forward-looking statements to reflect subsequent events or
circumstances. DATASOURCE: Bunge Limited CONTACT: Investors, Mark
Haden, +1-914-684-3398, , or Stewart Lindsay, +1-914-684-3369, ,
both of Bunge Limited Web Site: http://www.bunge.com/
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