Bunge Options Active, Are Takeover Rumors The Reason? (BG)

Fertilizer maker Bunge (NYSE: BG) is seeing some late options activity as nearly 1,700 November 65 calls have changed hands. Some press reports are speculating that Bunge might be involved in a takeover announcement as soon as tomorrow. That's when these options expire.

Remember that CF Industries (NYSE: CF), Agrium (NYSE: AGU) and Terra Industries (NYSE: TRA) are involved in a takeover soap opera of sorts and their shareholders are voting on the respective takeover proposals today and tomorrow.

Bunge could be in play if no deal is finalized among those companies.