Volume Spike Investor

Bunge Limited (NYSE: BG) has commenced an underwritten public offering of 10 million common shares to repay outstanding indebtedness and for other general corporate purposes via Morgan Stanlet and Credit Suisse.  Volume is thin so far but the stock is down almost 4% at $68.07 as of 8:26 AM.  Average volume is 1.65 million shares, so this is 6 day’s worth of volume.  We’d expect this to trade at least 200% of normal volume if past offerings are any indication. -JON OGG