Archer Daniels Midland (ADM) is amending its qualified pension plans by offering to pay some...

|About: Archer Daniels Midland Co. (ADM)|By:, SA News Editor

Archer Daniels Midland (ADM) is amending its qualified pension plans by offering to pay some employee pension benefits in a lump sum. The voluntary payments could reduce its overall pension benefit obligation by approximately $140M-$210M and improve its underfunding by approximately $35-$55M. As a result, ADM estimates it will incur a charge of approximately $45-$65M in Q4. Actual participation rates and payout amounts will not be known until December. Shares +0.3% AH.