United States

Archer Daniels Midland Co (ADM)

ADM on New York Consolidated

9 Dec 2016
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$0.59 (+1.28%)
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Latest Key Developments (Source: Significant Developments)

Graincorp notes that ADM has sold its 19.9 pct stake in company
Thursday, 1 Dec 2016 06:00pm EST 

Graincorp Ltd : Sale of Archer Daniels Midland stake in Graincorp . Graincorp notes statement from ADM that it has sold its 19.9% stake in Graincorp . Deal for a total value of about A$387 million .ADM will sell its stake for price of A$8.53 per share.  Full Article

ADM announces sale of stake in GrainCorp
Thursday, 1 Dec 2016 04:00pm EST 

Archer Daniels Midland Co : ADM announces sale of stake in GrainCorp . Archer Daniels Midland Co says deal for a total value of about A$387 million .Will sell all of its 19.9 percent investment in issued capital in GrainCorp at a price of A$8.53 per share.  Full Article

Wilmar International Ltd and ADM receive approvals for Olenex joint venture
Friday, 23 Sep 2016 08:31am EDT 

Wilmar International Ltd : Archer Daniels Midland Company and Wilmar International announced that they received all required competition approvals for their agreement . Companies anticipate formally launching new venture in coming weeks .Agreement stipulates that refined oils and fats from ADM's other plants in Czech Republic, Germany, Netherlands, Poland and U.K. Be marketed by Olenex.  Full Article

Glg Life Tech reported Q2 loss per share of $0.11
Friday, 12 Aug 2016 07:30am EDT 

Glg Life Tech Corp : Glg Life Tech Corporation reports 2016 second quarter financial results . Qtrly loss per share $0.11 . Qtrly revenue $4.32 million .Total revenue for quarter was down 46% relative to Q2 2015.  Full Article

Archer Daniels Midland announces pricing of $1 bln of 2.50 pct notes due 2026
Monday, 8 Aug 2016 04:49pm EDT 

Archer Daniels Midland Co : Archer daniels midland company announces pricing of $1 billion of 2.50% notes due 2026 .Notes will be issued at a public offering price of 2.533%.  Full Article

Archer Daniels Midland sets cash dividend of $0.30 per share
Wednesday, 3 Aug 2016 02:30pm EDT 

Archer Daniels Midland Co :Sets cash dividend of $0.30 per share.  Full Article

Archer Daniels expects capital expenditures of $1 bln during 2016
Tuesday, 2 Aug 2016 03:40pm EDT 

Archer Daniels Midland Co : Says expects capital expenditures of $1.0 billion during 2016 - SEC Filing Source - http://bit.ly/2asEVrh Further company coverage: [ADM.N] (Bengaluru Newsroom; +1 646 223 8780).  Full Article

ADM Q2 earnings per share $0.48
Tuesday, 2 Aug 2016 07:00am EDT 

Archer Daniels Midland Co : ADM reports second quarter earnings of $0.48 per share, $0.41 per share on an adjusted basis . Q2 earnings per share $0.48 . Q2 adjusted earnings per share $0.41 excluding items . Q2 earnings per share view $0.45 -- Thomson Reuters I/B/E/S . "market conditions began to turn in quarter, presenting improved opportunities for second half" . "continue to make progress in strategic review of our ethanol dry mills" . Remain on track to meet $275 million run-rate savings target by end of calendar year . Qtrly oilseeds processing operating profit $ 234 million versus $ 344 million . Qtrly revenues $15,629 million versus $17,186 million . "with improved fundamentals, we anticipate a more favorable second half of year" .Qtrly agricultural services operating profit $97 million versus $152 million.  Full Article

ADM, GLG Life Tech announce deal to manufacture, market Stevia and Monk Fruit sweeteners
Monday, 6 Jun 2016 07:45am EDT 

ADM : ADM And GLG Life Tech announce new partnership to manufacture, market, sell and distribute low-calorie stevia and monk fruit sweeteners . GLG will produce an extensive array of low-calorie sweeteners made from Stevia and monk fruit .ADM will be exclusive global marketer and distributor of ingredients to food and beverage companies worldwide.  Full Article

ADM acquires full stake in Amazon Flavors
Monday, 16 May 2016 11:45am EDT 

Archer Daniels Midland Co : Had previously owned a 40 percent equity stake in Amazon Flavors .ADM adds to south american ingredient capabilities with full ownership acquisition of Amazon Flavors.  Full Article


ADM sells stake in Australia's GrainCorp

CHICAGO U.S. agricultural commodities trader Archer Daniels Midland Co has sold its 19.9 percent stake in GrainCorp Ltd to underwriters UBS just three years after a failed bid to wholly acquire the Australian grain handler, ADM said on Thursday.