(Reuters) - U.S. grains trader Bunge Ltd (>> Bunge Ltd) said it is not engaged in business combination discussions with commodities trader Glencore Plc (>> Glencore PLC) or its unit Glencore Agriculture Limited.
Earlier on Tuesday, Glencore said its agricultural unit had made an informal approach to Bunge about a "possible consensual business combination."
Shares of Bunge earlier soared on media reports that Glencore Agriculture Ltd, a joint venture owned by Glencore and two Canadian pension funds, had approached the company about a possible business combination.
(Reporting by Abinaya Vijayaraghavan in Bengaluru; Editing by Sandra Maler)