Food & Beverage M&A » By The Online Investor Staff, updated Thu., Mar. 28, 6:34 PM Recent mergers and acquisitions in the Food & Beverage M&A category.
This Slide: #75 of 100 |
Slide #75. Archer Daniels Midland Company — GrainCorp Limited
Acquirer:
Archer Daniels Midland Company (NYSE:ADM)
Acquiree:
GrainCorp Limited
Details:
Archer Daniels Midland Company (NYSE:ADM) announced today that it has completed due diligence on GrainCorp Limited (ASX: GNC) and intends to make a cash offer to acquire the outstanding common shares of the company for A$12.20 per share under the terms of the takeover bid implementation deed signed with GrainCorp last week.
Archer Daniels Midland is a human and animal nutrition and an agricultural origination and processing company. The Ag Services and Oilseeds segment includes activities related to the origination, merchandising, transportation, and storage of agricultural raw materials, and the crushing and further processing of oilseeds into vegetable oils and protein meals. The Carbohydrate Solutions segment is engaged in corn and wheat wet and dry milling and other activities. The Nutrition segment serves various end markets including food, beverages, nutritional supplements, and feed and premix for livestock, aquaculture, and pet food.
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Hold (2.00 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: ADM Stock Forecast Based on Zacks ABR data; powered by Xignite |