Bunge responds to ruling denying Syngenta's request for a preliminary injunction
September 27, 2011 - St. Louis, Missouri - Bunge North America, the North American operating arm of Bunge Limited (NYSE: BG), issued this statement following a U.S. Federal District Court's ruling on September 26, 2011 denying Syngenta's request for a preliminary injunction.
"Bunge is pleased with the court's ruling denying Syngenta's request for a preliminary injunction. This ruling is consistent with and validates Bunge's decision to reject Agrisure Viptera corn at all of our locations as a legitimate and reasonable business decision.
In rejecting Syngenta's request, the court said the public interest would best be served "...in fostering export markets for United States corn, in allowing business to make legitimate business decisions, and in allocating the risk of commercialization of a new transgenic corn trait upon the party that commercialized the trait..."
We believe that the court will not vary from the opinion denying the preliminary injunction and will ultimately confirm its ruling that Syngenta's case is without merit. We believe the court's final ruling will further validate the actions Bunge took to protect the integrity of our export supply chain.
Bunge remains a strong proponent of agricultural biotechnology and the benefits it offers to the entire value chain when responsibly managed."
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