Key Developments: Archer Daniels Midland Co (ADM)
34.13USD
22 May 2013
$-0.58 (-1.67%)
$34.71
$34.68
$35.01
$34.04
4,459,679
4,336,682
$35.04
$24.38
Latest Key Developments (Source: Significant Developments)
Archer Daniels Midland co Declares Cash Dividend
Archer Daniels Midland co announced that its Board of Directors declared a cash dividend of $0.19 per share on the Company's common stock payable June 6, 2013, to stockholders of record May 16, 2013. Full Article
GrainCorp Ltd Enters Into Takeover Bid Implementation Deed With Archer Daniels Midland Company
GrainCorp Ltd announced that it has entered into a takeover bid implementation deed (Implementation Deed) with Archer Daniels Midland Company (ADM) under which ADM, subject to the satisfactory completion of limited confirmatory due diligence, will make an off-market takeover offer to acquire all the outstanding shares in GrainCorp not already held by ADM (ADM Offer). If the ADM Offer proceeds, and is successfully completed, shareholders will receive AUD 13.20 per share, comprising a cash payment ofAUD 12.20 per share under the ADM Offer and dividends totaling AUD 1.00 per share. Full Article
Archer Daniels Midland Co Increases Cash Dividend
Archer Daniels Midland Co announced that Board of Directors today declared a cash dividend of 19 cents per share on the company`s common stock payable March 13, 2013, to stockholders of record February 20, 2013. This is an increase of 8.6 %, or 1.5 cents per share. Full Article
Explosion Forces Shutdown At Archer Daniels Midland Co Plant In Illinois-AP
The Associated Press reported that Archer Daniels Midland Co (ADM) has temporarily shut down operations at its corn processing plant in central Illinois after an early morning explosion damaged the facility. ADM is investigating and working to determine the extent of the damage. Full Article
GrainCorp Ltd Rejects Sweetened Archer Daniels Midland Co Offer-Reuters
Reuters reported that GrainCorp Ltd rejected on Thursday a sweetened $2.9 billion bid from Archer Daniels Midland Co (ADM), saying the offer materially undervalues Australia's last major independent grains handler. Australian agricultural businesses have been targeted by big players in recent years, part of a global consolidation amid intense competition to feed fast-developing countries seeking food security. ADM lifted its offer last month by 3.8% from AUD11.75 per share to AUD12.20 per share in cash, a 40% premium to GrainCorp's share price at the time of the initial offer in October. Full Article
Archer Daniels Midland Co Makes Revised Proposal To Acquire GrainCorp Limited For AUD12.20 Share
Archer Daniels Midland Co announced it has delivered to GrainCorp Limited a revised non-binding proposal, with the aim of arriving at an agreement with GrainCorp`s Board of Directors under which they would recommend to GrainCorp shareholders an acquisition by ADM of all of GrainCorp for AUD12.20 a share in cash, with shareholders keeping the dividend of AUD0.35 announced on November 15. ADM`s revised non-binding proposal is subject to GrainCorp granting ADM access to conduct confirmatory due diligence, completion of that due diligence satisfactory to the ADM Board, and a recommendation from the GrainCorp Board. ADM is ready to commence due diligence immediately and expeditiously. ADM`s proposed price represents a material increase of AUD0.80 from the initial proposal of A$11.75 made on October 19, after allowing for the recent dividends totaling AUD0.35. The revised non-binding proposal represents1: a 39.6% premium to the last closing price of GrainCorp shares of AUD8.74 on October 18; a 38.8% premium to the one-month, volume-weighted average GrainCorp share price of AUD8.79 up to October 18; a 35.7% premium to the six-month, volume-weighted average GrainCorp share price of AUD8.99 up to October 18; and a 45.9% premium to the twelve-month, volume-weighted average GrainCorp share price of AUD8.36 up to October 18. Full Article
Archer Daniels Midland Co Declares Cash Dividend
Archer Daniels Midland Co announced that its Board of Directors declared a cash dividend of $0.175 cents per share on the company`s common stock payable Dec. 6, 2012, to Stockholders of record Nov. 15, 2012. Full Article
Archer Daniels Midland Co Buys Stake In Australia's GrainCorp Ltd, Takeover Looms-DJ
Dow Jones reported that Archer Daniels Midland Co bought 10% of GrainCorp Ltd and is open to a bigger deal. GrainCorp indicated that U.S.-based ADM may be considering a formal approach for the company. ADM already has a presence in Australia through an 80% stake in smaller grain handler Toepfer International. Credit Suisse is advising GrainCorp and Citi is advising ADM. Full Article
Archer Daniels Midland Co And Wilmar International Ltd Get Green Light On Joint Venture-Reuters
Reuters reported that Archer Daniels Midland Co And Wilmar International Ltd have completed regulatory approvals for a partnership in the global fertilizer and European vegetable oil sectors. To be based in Rolle, Switzerland, the partnership along with another in global ocean freight will collaborate on purchasing and distributing fertilizer globally, and in selling and marketing vegetable oils and fats in Europe. Full Article
Archer Daniels Midland Co Declare Cash Dividend
Archer Daniels Midland Co announced that its Board of Directors declared a cash dividend of $0.175 per share on the Company’s common stock payable September 6, 2012, to stockholders of record August 16, 2012. Full Article
UPDATE 1-Australian grain crop puts ADM target GrainCorp under pressure
* GrainCorp posts 11 percent fall in H1 adjusted net profit
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
