Falcone makes big bet on food products

Reuters – A deal to combine Corn Products International and Bunge Ltd fell apart in 2008, but the two leading makers of agriculture and food products have been united this year in the $10 billion portfolio of hedge fund star Philip Falcone.

Stocks of both companies have suffered amid the global recession and fears that U.S. regulators may crack down on sales of food containing additives like high fructose corn syrup that have been linked to obesity.

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