Thursday, June 28, 2007

Sugar company seeks Brazil's largest US float

Cosan’s Bermuda parent filed for a $2bn (€1.5bn) US public offering with depositary receipts on both Brazilian and New York exchanges, the company said in its filing with the Securities and Exchange Commission.
From Dow Jones

Meanwhile, back at the ranch:

ADM considering offer for Brazil's Cosan

...the largest U.S. ethanol producer, is considering a purchase of Brazil's Cosan SA as ADM prepares to enter Brazil's sugarcane ethanol business, The Wall Street Journal reported on its Web site on Friday.
From Reuters