UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 5, 2008

 

BUNGE LIMITED

(Exact name of Registrant as specified in its charter)

 

Bermuda

 

001-16625

 

98-0231912

(State or other jurisdiction

 

Commission File Number

 

(IRS Employer

of incorporation)

 

 

 

Identification No.)

 

50 Main Street

 

 

 

White Plains, New York

 

10606

 

(Address of principal executive offices)

 

(Zip code)

 

 

(914) 684-2800

(Registrant’s telephone number, including area code)

 

N.A.

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

x Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

v

 



 

Item 1.01                                             Entry into a Material Definitive Agreement

 

On August 5, 2008, Bunge Limited (“Bunge”), Corn Products International, Inc. (“Corn Products”) and Bleecker Acquisition Corp, a direct, wholly owned subsidiary of Bunge (“Merger Sub”) entered into an amendment (the “Amendment”) to the Agreement and Plan of Merger and Reorganization, dated as of June 21, 2008, among Bunge, Corn Products and Merger Sub (the “Merger Agreement”).

 

Pursuant to the Amendment, the parties amended Section 4.03(a) of the Merger Agreement relating to Corn Products’ capital stock to correct certain technical errors in that section of the Merger Agreement. This amendment has no effect on the previously announced aggregate transaction value of $4.8 billion, which includes the assumption of Corn Products’ net debt. In addition, the parties amended Section 8.01(e) of the Merger Agreement and Schedule 8.01(e) to the Merger Agreement to reflect that clearance from the South Korean antitrust regulatory authorities is not a condition to the closing of the merger.

 

Item 9.01                                             Financial Statements and Exhibits

 

(d)         Exhibits

 

Exhibit No.

 

Description

 

 

 

 

2.1

 

Amendment, dated as of August 5, 2008, to Agreement and Plan of Merger and Reorganization, dated as of June 21, 2008, among Bunge Limited, Bleecker Acquisition Corp. and Corn Products International, Inc.

 



 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated:  August 5, 2008

 

 

 

BUNGE LIMITED

 

 

 

 

 

By:

 /s/ CARLA L. HEISS

 

 

Name:

Carla L. Heiss

 

 

Title:

Assistant General Counsel and

 

 

 

Assistant Secretary

 



 

EXHIBITS

 

Exhibit No.

 

Description

 

 

 

 

2.1

 

Amendment, dated as of August 5, 2008, to Agreement and Plan of Merger and Reorganization, dated as of June 21, 2008, among Bunge Limited, Bleecker Acquisition Corp. and Corn Products International, Inc.

 


Exhibit 2.1

 

AMENDMENT TO AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

 

AMENDMENT TO AGREEMENT AND PLAN OF MERGER AND REORGANIZATION, dated as of August 5, 2008 (this “Amendment”), among BUNGE LIMITED, an exempted limited liability company organized and existing under the laws of Bermuda (“Parent”), BLEECKER ACQUISITION CORP., a Delaware corporation and a direct, wholly owned subsidiary of Parent (“Merger Sub”), and CORN PRODUCTS INTERNATIONAL, INC., a Delaware corporation (the “Company”).

 

WHEREAS, the parties hereto are parties to the Agreement and Plan of Merger and Reorganization, dated as of June 21, 2008 (the “Merger Agreement”); and

 

WHEREAS, the parties to the Merger Agreement desire to amend certain provisions thereof.

 

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements herein contained, and intending to be legally bound hereby, Parent, Merger Sub and the Company hereby agree as follows (all capitalized terms not defined herein shall have the meanings specified in the Merger Agreement):

 

Section 1.  Amendments to the Merger Agreement.  (a) Section 4.03(a) of the Merger Agreement is hereby amended and restated in its entirety to read as follows:

 

“The authorized capital stock of the Company consists of (i) 200,000,000 Shares, and (ii) 25,000,000 shares of preferred stock, par value $0.01 per share (“Company Preferred Stock”). As of June 19, 2008, (i) 74,352,843 Shares were issued and outstanding (not including Shares held in the treasury of the Company), all of which are duly authorized, validly issued, fully paid and non-assessable, (ii) 966,931 Shares were held in the treasury of the Company, (iii) no Shares are held by the Subsidiaries, (iv) 5,041,352 Shares were reserved for future issuance pursuant to outstanding Company Stock Options, Company Restricted Stock Awards, Company Performance Share Awards and other purchase rights (the “Company Stock Awards”) granted pursuant to the Company Stock Option Plan, (v) 288,983 shares were reserved for future issuance under the Company’s Supplemental Executive Retirement Plan and the Company’s Deferred Compensation Plan for Outside Directors, and (vi) no shares of Company Preferred Stock were issued and outstanding. Except as set forth in this Section 4.03, there are no options, warrants, convertible debt or other convertible instruments or other rights, agreements, arrangements or commitments of any character relating to the issued or unissued capital stock of the Company or obligating the Company to issue or sell any shares of capital stock of, or other equity interests in, the Company.”

 

(b) Section 8.01(e) of the Merger Agreement is hereby amended to delete the reference to clause (iv) of Schedule 8.01(e) contained therein.

 

(c) Clause (iv) of Schedule 8.01(e) is hereby amended and restated in its entirety to read as follows:  “Intentionally omitted.”

 

Section 2.  General Provisions.

 

(a)  Effectiveness.  The amendments set forth herein shall be effective immediately on the date hereof. Except as expressly amended by this Amendment, all other provisions of the Merger Agreement shall be unchanged and remain in full force and effect.

 

(b)  Counterparts.  This Amendment may be executed and delivered (including by facsimile transmission) in one or more counterparts, and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.

 

(c)  Governing Law; Jurisdiction.  This Amendment shall be governed by, and construed in accordance with, the laws of the State of Delaware applicable to contracts executed in and to be performed in that State (other than those provisions set forth herein that are required to be governed by the DGCL). All actions and proceedings arising out of or relating to this Amendment shall be heard and determined exclusively in any Delaware state or federal court sitting in the City of Wilmington.  The parties hereto hereby (a) submit to the exclusive jurisdiction of any Delaware state or federal court sitting in the City of Wilmington for the purpose of any Action arising out of or relating to this Amendment brought by any party hereto, and (b) irrevocably waive, and agree not to assert by way of motion, defense, or otherwise, in any such Action, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the Action is brought in an inconvenient forum, that the venue of the Action is improper, or that this Amendment or the transactions contemplated hereby may not be enforced in or by any of the above-named courts.

 

(d)  Interpretation.  For the avoidance of doubt, from and after the date of this Amendment, references in the Merger Agreement to the “Agreement” or any provision thereof shall be deemed to refer to the Merger Agreement or such provision as amended hereby unless the context otherwise requires and references in the Merger Agreement to the “date hereof” or the “date of this Agreement” shall be deemed to refer to June 21, 2008. References in this Amendment to “the date hereof” refer to August 5, 2008.

 



 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be signed by their respective officers thereunto duly authorized, all as of the date first written above.

 

 

 

 

BUNGE LIMITED

 

 

 

 

 

 

By:

/s/ ALBERTO WEISSER

 

 

 

Name: Alberto Weisser

 

 

 

Title: Chairman and Chief Executive Officer

 

 

 

 

 

 

By:

/s/ JACQUALYN A. FOUSE

 

 

 

Name: Jacqualyn A. Fouse

 

 

 

Title: Chief Financial Officer

 

 

 

 

 

 

BLEECKER ACQUISITION CORP.

 

 

 

 

 

 

By:

/s/ JACQUALYN A. FOUSE

 

 

 

Name: Jacqualyn A. Fouse

 

 

 

Title: President

 

 

 

 

 

 

CORN PRODUCTS INTERNATIONAL, INC.

 

 

 

 

 

 

By:

/s/ SAMUEL C. SCOTT III

 

 

 

Name: Samuel C. Scott III

 

 

 

Title: Chairman, President and CEO