Glencore’s Viterra Said in Merger Talks With Ag Trader Bunge (3)

Glencore Plc-backed agriculture trader Viterrais in talks to merge with US rival Bunge Ltd., one of the world’s largest crop merchants, according to people with knowledge of the matter.

The companies are negotiating the structure of a potential transaction, said the people, who asked not to be identified discussing confidential information. One option being discussed envisions a stock deal where Bunge shareholders would own a majority of the combined group, according to the people.

Shares in Glencore rose as much as 3.6% in early trading on Friday. The stock was up 2.9% at 8:28 a.m. in London. ...