Bunge Limited Stock Begins Trading on New York Stock Exchange.Business Editors WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Aug. 2, 2001 Trading of the common shares of Bunge Limited commenced today on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors BG. On August 1, Bunge Limited announced that the 17.6 million share initial public offering was priced at $16 per share. The company intends to use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the offering to repay short-term debt Short-term debt Debt obligations, recorded as current liabilities, requiring payment within the year. under its commercial paper program. Morgan Stanley and Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. led the offering, which was co-managed by Deutsche Banc Alex. Brown, Merrill Lynch & Co., Prudential Securities and Salomon Smith Barney. Bunge is an integrated, global agribusiness and food company operating in the farm-to-consumer food chain with primary operations in North and South America and worldwide distribution capabilities. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there by any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state or jurisdiction. |
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