Bunge announces $3B share repurchase program

As part of Bunge’s (BG) approach to capital allocation and commitment to shareholder returns, Bunge has announced a target to returning a minimum of 50% of its discretionary cash flow to shareholders through dividends and share repurchases across the cycle. In connection with this target, Bunge’s board of directors has authorized the repurchase of up to $3B of Bunge’s common shares.