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October 31, 2018
Cadwalader advised D.E. Shaw & Co. in its agreement to add four new directors to the board of Bunge Ltd.
Bunge announced today that it had entered into agreements with shareholders D. E. Shaw and Continental Grain Corporation pursuant to which Bunge will add the new directors and set up a strategic review committee. Bunge’s board will expand from 11 to 15 with the new directors. Three new directors -- Continental Grain Co. CEO Paul Fribourg, Flatwater Partners Founding Partner Gregory Heckman, and Pacific Point Capital LLC President Henry “Jay” Winship – will join the board immediately. A fourth new director will join the board by the close of 2018.
Bunge Limited (www.bunge.com, NYSE: BG) is a leading global agribusiness and food company operating in over 40 countries with approximately 32,000 employees. Founded in 1818, the company is headquartered in White Plains, New York.
The D. E. Shaw group is a global investment and technology development firm with more than $53 billion in investment capital as of October 1, 2018, and offices in North America, Europe, and Asia.
The Cadwalader team included Corporate co-chair Richard Brand, partners Stephen Fraidin and Gregory Patti, special counsel Joanna Valentine and associate Janet Hsueh and Litigation partner Jonathan Hoff.