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Slide #88. Archer Daniels Midland Company — GrainCorp Limited
Archer Daniels Midland Company (NYSE:ADM)
Archer Daniels Midland Company has delivered to GrainCorp Limited (ASX: GNC) 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 A$12.20 a share in cash, with shareholders keeping the dividend of A$0.35 announced on Nov. 15.
Archer Daniels Midland is a human and animal nutrition and an agricultural origination and processing company. Co.'s segments include: Ag Services and Oilseeds, which includes activities related to the origination, merchandising, transportation, and storage of agricultural raw materials, and the crushing and further processing of oilseeds such as soybeans and soft seeds into vegetable oils and protein meals; Carbohydrate Solutions, which is engaged in corn and wheat wet and dry milling and other activities; and Nutrition, which engages in the manufacturing, sale, and distribution of an array of products including plant-based proteins, natural flavor ingredients, and flavor systems.
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Strong Buy (3.56 out of 4)