Bunge Ltd. is facing pressure to adjust its operations, The Wall Street Journal reported Oct. 8.

Citing unnamed sources, the Journal reported that D.E. Shaw & Co. LP and grain processor Continental Grain Company Corp. have approached Bunge about either adding more directors to the company's board, improving profit margins or focusing its business. In total, D.E. Shaw and Continental control less than 5% of Bunge's outstanding shares, according to the Journal.

While both entities are advocating for changes, neither are urging Bunge to seek a buyer, the Journal reported.

Neither of the companies nor the hedge fund immediately responded to requests for comment from S&P Global Market Intelligence.

Bunge has been the object of takeover discussions in recent months. According to media reports, both Archer Daniels Midland Co. and Switzerland-based Glencore AG have engaged in deal talks with the White Plains, N.Y.-based company.