News: Archer Daniels Midland Co (ADM)

ADM on New York Consolidated

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Tue, Sep 2 2014

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Cargill buying ADM's chocolate unit in North American expansion

NEW YORK/CHICAGO - Commodity merchant Cargill Inc [CARG.UL] said on Tuesday it will buy the global chocolate business of its rival Archer Daniels Midland Co for $440 million in a move to expand its production capacity in North America.

UPDATE 3-Cargill buying ADM's chocolate unit in North American expansion

NEW YORK/CHICAGO, Sept 2 - Commodity merchant Cargill Inc said on Tuesday it will buy the global chocolate business of its rival Archer Daniels Midland Co for $440 million in a move to expand its production capacity in North America.

Cargill to buy ADM's chocolate business for $440 million

NEW YORK/CHICAGO - Commodity merchant Cargill Inc [CARG.UL] said on Tuesday it was buying Archer Daniels Midland Co's global chocolate business for $440 million in a move to expand its production capacity in North America.

Cargill agrees to buy ADM's chocolate business for $440 million

NEW YORK, Sept 2 - Cargill Inc said it has agreed to buy Archer Daniels Midland Co's global chocolate business for $440 million in a move to expand its production capacity in North America.

EU mergers and takeovers (Aug 28)

BRUSSELS, Aug 28 - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

CORRECTED-UPDATE 1-Bunge plans east Australia terminal, offers more competition for GrainCorp

(Corrects size of new port to show capacity is 450,000 tonnes a year, not 45,000, in paragraph 2)

GrainCorp did not consult ADM on its decision to appoint new CEO - chairman

SYDNEY, Aug 12 - GrainCorp Ltd said on Tuesday it did not consult former takeover bidder Archer Daniels Midland Co over its decision to appoint Mark Palmquist as new managing director and chief executive officer.

Six suppliers eye 500,000 T Philippines rice deal

MANILA, Aug 11 - Six international suppliers are likely to bid for state contracts to ship up to 500,000 tonnes of rice to the Philippines in a tender later this month, the country's grains procurement agency said on Monday.

Archer Daniels Midland earnings beat estimates; revenue dips

CHICAGO - Agribusiness company Archer Daniels Midland Co on Tuesday reported higher-than-expected second-quarter earnings, citing strong U.S. exports and demand for ethanol.

ADM to sell its chocolate business in the third quarter

NEW YORK/CHICAGO - Agribusiness company Archer Daniels Midland Co expects to sell its global chocolate business by the end of the third quarter, its president said on Tuesday, after opting to hold onto its larger cocoa press business.

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