Archer Daniels Midland Co.NYSE
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  • Aug. 7, 2015, 8:04 AM
    • According to a new SEC filing, Olam International's (OTCPK:OLMIY) $1.3B deal to acquire Archer Daniels Midland's (NYSE:ADM) global cocoa business has been delayed for a second time.
    • ADM now expects the transaction to close in the fourth quarter.
    | Aug. 7, 2015, 8:04 AM
  • Mar. 30, 2015, 8:10 AM
    • Archer Daniels Midland (NYSE:ADM) has reached an agreement to purchase AOR, a oil bottling company based in Belgium.
    • "This acquisition will allow us to expand our product offerings and customer base in Europe," said Matt Jansen, president of ADM’s Oilseeds Processing business.
    | Mar. 30, 2015, 8:10 AM
  • Mar. 30, 2015, 7:54 AM
    • Archer Daniels Midland (NYSE:ADM) reaches a deal to buy private oil bottling firm AOR N.V.
    • The Belgian company distributes edible oils across Europe.
    • Financial terms on the acquisition weren't disclosed.
    | Mar. 30, 2015, 7:54 AM
  • Feb. 24, 2015, 7:07 AM
    • The European Commission has opened an in-depth investigation into Cargill's $440M planned acquisition of Archer Daniels Midland's (NYSE:ADM) chocolate business, saying the deal could lead to higher prices.
    • Previously expecting the deal to close by July 1, ADM is "now targeting closing in mid-2015," announced spokeswoman Jackie Anderson.
    • The EU executive has until July 8 to investigate the purchase.
    | Feb. 24, 2015, 7:07 AM
  • Feb. 3, 2015, 10:29 AM
    • Archer Daniels Midland (ADM -0.7%) announces it will sell a 50% stake in a export terminal in Brazil to Glencore.
    • The joint venture that will run the facility aims to quadruple capacity to 6M metric tons.
    • Terms of the deal weren't disclosed.
    • A closing is expected in the first half of the year.
    • Previously: ADM reports heavy profit rise, misses revenue forecast
    | Feb. 3, 2015, 10:29 AM
  • Dec. 15, 2014, 6:46 PM
    • Archer Daniels Midland (NYSE:ADM) agrees to sell its global cocoa business to Olam International (OTCPK:OLMIF) for $1.3B.
    • The deal brings an end to ADM's year-long effort to offload its chocolate and cocoa businesses, after earlier selling its smaller chocolate business to Cargill for $440M.
    | Dec. 15, 2014, 6:46 PM
  • Oct. 13, 2014, 1:00 PM
    • Archer Daniels Midland (ADM -0.7%) lands Specialty Commodities Inc. for $170M.
    • The purchase of Specialty Commodities adds another source of natural and organic ingredients for ADM.
    • The company expects the acquisition to close in the next few weeks.
    | Oct. 13, 2014, 1:00 PM
  • Sep. 2, 2014, 12:02 PM
    • Cargill announces it acquired the chocolate business of Archer Daniels Midland (ADM +0.9%) for $440M.
    • The deal will see three of Archer Daniel Midland's plants in North America go to Cargill.
    • A closing date in the first half of 2015 is anticipated.
    | Sep. 2, 2014, 12:02 PM
  • Jul. 7, 2014, 4:08 AM
    • Archer Daniels Midland (ADM) says it will buy Wild Flavors for €2.2B ($3B) in cash, and assume €100M of net debt.
    • The company expects to complete the deal by the end of the year, and will launch a new unit called Wild Flavors and Specialty Ingredients.
    • Previous coverage
    | Jul. 7, 2014, 4:08 AM
  • Jul. 3, 2014, 10:56 AM
    • Archer Daniels Midland (ADM +0.8%) is closing in on a deal to purchase Wild Flavors for $3.4B.
    • Sources indicate the company outbid Ajinomoto for the property owned by KKR.
    • Wild Flavors manufactures flavors and colors for the food industry with a particular focus on healthy products.
    | Jul. 3, 2014, 10:56 AM | 4 Comments
  • Jun. 23, 2014, 2:48 PM
    • Talk that a takeover of GrainCorp (GRCLF) is still a possibility has lifted the share price of the Australian grain handler, as broker Bell Potter believes the stock will continue to incorporate a takeover premium in its price even though the company itself is "overvalued."
    • Archer Daniels Midland's (ADM) A$2.8B bid for GrainCorp last year was rejected by the Australian government in November, saying a takeover would go against the national interest, but Bell Potter says GrainCorp is pricing in a 50% chance that ADM will return with a bid.
    • Not everyone is so optimistic; J.P. Morgan believes a deal is unlikely due to the political cost of allowing a foreign takeover, as well as the reduced strategic value of GrainCorp’s assets.
    | Jun. 23, 2014, 2:48 PM
  • May 27, 2014, 7:28 AM
    • A $6.4B offer by Pilgrim Pride's (PPC) to buy Hillshire Brands (HSH) could rattle the food sector.
    • For starters, the deal could spoil Hillshire's offer on the table to buy Pinnacle Foods (PF).
    • The quick analyst take on a PPC-HSH combination is favorable with the companies focused in different areas (chicken vs. packaged meat) which could lead to easy access to new distribution channels.
    • Premarket: HSH +22.9% to $45.49, PF -5.3% to $31.50.
    • Also on merger watch in the food sector: THS, SJM, GIS, KRFT, CPB, ADM, BGS, RAH, HAIN, K CAG
    | May 27, 2014, 7:28 AM | 2 Comments
  • May 12, 2014, 7:13 AM
    • A merger between Hillshire Brands and Pinnacle Foods could kickstart the consolidation frenzy in the food industry analysts have been forecasting.
    • The sector has been tapped to see a high rate of mergers and buyouts due to the significant synergies that could be unleashed through combinations.
    • On watch: THS, SJM, GIS, KRFT, CPB, ADM, BGS, RAH, HAIN, K, CAG
    | May 12, 2014, 7:13 AM | 1 Comment
  • Dec. 6, 2013, 4:45 PM
    • Archer Daniels Midland (ADM) is still looking for deals overseas despite last week's failure of the GrainCorp acquisition that upended its plans in Asia, CFO Ray Young says.
    • ADM is interested in acquisitions as well as other investments and joint ventures to help spread its business deeper into Asia, South America and eastern Europe, areas where ADM's vast storage and transportation network may be attractive to smaller agribusiness operators, Young says.
    • The global agricultural business, already dominated by a handful of major players, will continue to consolidate, the CFO says.
    | Dec. 6, 2013, 4:45 PM | 1 Comment
  • Nov. 15, 2013, 2:28 AM
    • Australian Prime Minister Tony Abbott may reportedly veto Archer Daniels Midland's (ADM) A$2.2B ($2.1B) acquisition of crop handler GrainCorp (GRCLF) or impose conditions that would make the deal unviable.
    • The ruling coalition is divided over the transaction, with some members, including Deputy Prime Minister Warren Truss, opposing it on the grounds of national interest. Wheat growers across Australia are also against the deal.
    • The decision is the first big test of Abbott's declaration that Australia is "open for business."
    | Nov. 15, 2013, 2:28 AM
  • Oct. 4, 2013, 6:05 PM
    • Archer Daniels Midland (ADM) will find out whether it has received approval from Australia’s Foreign Investment Review Board for its planned A$3B acquisition of GrainCorp (GRCLF.PK) in about two months, Australia’s treasurer says.
    • GrainCorp shares closed today at A$12.35/share, a 6.4% discount to the A$13.20 shareholders would receive under ADM’s buyout offer, perhaps an indicator that investors are skeptical the deal will be completed.
    • Sizable deals that have been blocked by Australia’s FIRB in the past include the Singapore Exchange's proposed 2011 A$8.4B takeover of the Australian Stock Exchange and Shell's 2001 attempt to buy Woodside Petroleum for A$10B.
    • Separately, Illinois Gov. Pat Quinn says he will veto any legislation with special tax incentives for ADM to keep its global headquarters in the state until legislators approve a fix for the pension crisis.
    | Oct. 4, 2013, 6:05 PM | 1 Comment