The economics of a deal between Bunge and ADM were far from compelling, says JPM
US trader has been seeking a bigger foreign presence
Returns to agricultural trader fall as supplies grow and farmers gain the upper hand
Archer Daniels Midland recently approached the 200-year-old group about a takeover
Grain trader keen to increase South American presence where rival dominates
Merchants under pressure from shrinking margins amid growing competition
Deal would combine two of the world’s four largest grain merchants
Company was approached last year by Glencore
Agricultural trader begins process of ‘financial separation’ of struggling investment
Doubts on Wall Street that acquisition will quickly boost profits
Intense competition means record crops generate little profit for middlemen
Grain trader cut earnings guidance amid cost-cutting and restructuring plan
Grain trading house is dealing with sliding margins and bid interest from Glencore
Agriculture trader focused on remaining independent rather than a sale
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