Ingredion Incorporated · NYSE:INGR
Ingredion — Corn Products International — Merger or Acquisition (June 2008)
11 slides from Ingredion's merger presentation, Jun 23, 2008
Slide 1: Bunge and Corn Products Merger Employee Communication Session
Bunge and Corn Products Merger Employee Communication Session June 23, 2008 CONFIDENTIAL This presentation is for Corn Products International employees only and is not to be copied or distributed
Slide 2: Our Core Values
Our Core Values Integrity Excellence Respect Financial Success
Slide 3: Transaction Background
Transaction Background Bunge expressed an interest in Corn Products Board had fiduciary responsibility to give Bunge offer consideration and evaluation The more we looked at the Bunge offer, the more it became a compelling strategic fit for our Company and the best path to take for all stakeholders
Slide 4: Transaction Overview
Transaction Overview Deal has been approved by the Boards of both companies Bunge to acquire Corn Products in an all-stock transaction valued at $56 per Corn Products common share Value of transaction, including assumption of our debt, should be approximately $4.8 billion Upon closing, Corn Products
Slide 5: Bunge at a Glance
Bunge at a Glance Leading global agribusiness and food company founded in 1818 with headquarters in White Plains, New York More than 25,000 employees in over 30 countries 2007 net sales of $37 billion and net income of $778 million Major businesses: oilseed processing; vegetable oil, margarine and m
Slide 6: Why Does This Merger Work?
Why Does This Merger Work? Corn Products fits Bunge strategy to add higher-value products to its portfolio and Bunge will enable Corn Products to accelerate exceling at the base business and growing geographically Gives Bunge a corn value chain it desires and further agribusiness diversification Cor
Slide 7: Impact of Bunge Merger
Impact of Bunge Merger Corn Products will become a subsidiary of Bunge Corn Products headquarters will remain in Westchester No closure of industrial facilities expected Aggregate health and welfare benefits will be comparable for the next year; beyond that point, the company will move to standardiz
Slide 8: What's Next
What's Next As is our practice, we pledge to keep you informed on a regular basis as more information becomes available Integration team of people from both companies will be formed Communication with Bunge will occur through joint integration teams
Slide 9: Summary
Summary For now, I ask for your patience as we work through this transition phase together We recognize there is some anxiety and uncertainty because all questions cannot be answered right away We are still a publicly traded, independent company and we must continue to perform in the same excellent
Slide 10: Excel at Our Base Business, Drive Organic Growth
Speed Competitiveness Quality Excel at Our Base Business Drive Organic Growth Expand Product Portfolios Grow Business in High-Growth Regions Be an Ingredient Supplier Customers Employees Community Shareholders Asset Utilization Innovation Integrity Excellence Respect Financial Success 2008 Food Prod
Slide 11: Q & A
Q & A
Corn Products International — Merger or Acquisition (June 2008) on 6ix