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UPDATE 5-ADM pursues big ag merger with grain trader Bunge -WSJ

CHICAGO/CALGARY, Alberta, Jan 19 (Reuters) - Top U.S. grains merchant Archer Daniels Midland Co has proposed a takeover of Bunge Ltd, The Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with Swiss-based rival Glencore Plc.
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