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Stock Market & Financial Investment News

News Breaks
March 11, 2013
07:47 EDTREX, BIOF, ADM, PEIX, ANDE, STKL, GPRE, BGBrazil planning steep tax cut on ethanol, FT says
Brazilian authorities are preparing to reduce the tax burden on ethanol by nearly 80% in one of the biggest moves yet by the government to support ethanol producers, according to Financial Times, citing the vice-president of Raizen, Brazilís largest seller of sugar and ethanol. Reference Link
News For ADM;BG;ANDE;BIOF;GPRE;PEIX;REX;STKL From The Last 14 Days
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April 17, 2014
12:00 EDTBIOFBiofuel Energy rises 27.7%
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09:59 EDTSTKLOn The Fly: Analyst Downgrade Summary
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08:25 EDTSTKLSunOpta downgraded to Sell from Hold at Desjardins
April 15, 2014
16:22 EDTADMOn The Fly: Closing Wrap
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13:19 EDTADMArcher Daniels announces $350M unit sale to Mosaic, other actions
Archer Daniels Midland (ADM) announced three actions in the companyís ongoing portfolio management. ADM has signed an agreement to sell its fertilizer business in Brazil and Paraguay to The Mosaic Company (MOS) for $350M. The transaction consists primarily of five ADM-owned blending facilities in Brazil and Paraguay. The purchase price includes $150M in working capital. As part of the transaction, ADM will purchase fertilizer from Mosaic after the closing and will continue to supply certain fertilizer customers in Brazil and Paraguay. ADM also announced it will pursue the sale of its chocolate business, while retaining the majority of its cocoa press operations. The company has engaged advisers to facilitate the sale process. Finally, ADM announced it will acquire the remaining 20% minority stake of Alfred C. Toepfer International for EUR83M, representing about 1.1x net book value. The proposed transaction, which is occurring through the exercise of a put agreement by Union InVivo, will be subject to customary regulatory approvals. Since 2002, ADM has owned 80% of Toepfer. InVivo will remain a strategic business partner for ADM in Europe.
12:31 EDTADMMosaic to acquire Archer Daniels' Brazil, Paraguay fertilizer units
Mosaic (MOS) signed definitive agreements with Archer Daniels Midland (ADM) to acquire its fertilizer distribution business in Brazil and Paraguay for $350M. The purchase price assumes the delivery of $150M in working capital at closing. This acquisition is expected to accelerate Mosaic's previously announced growth plans in Brazil as well as replace planned internal investments in that country. Under the terms of the agreement, Mosaic would acquire four blending and warehousing facilities in Brazil, one in Paraguay and additional warehousing and logistics service capabilities. The acquisition of ADM's fertilizer distribution business would increase Mosaic's annual distribution in the region from approximately 4M metric tonnes to about 6M metric tonnes of crop nutrients. The parties have also negotiated the terms of five-year fertilizer supply agreements providing for Mosaic to supply ADM's fertilizer needs in Brazil and Paraguay. Mosaic will fund the acquisition with cash from operations. The transaction is not expected to impact Mosaic's shareholder distribution plans. The proposed sale will be contingent on customary regulatory approvals.
April 10, 2014
11:24 EDTGPREGreen Plains management to meet with Piper Jaffray
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April 9, 2014
12:04 EDTBG, ANDE, ADMU.S. corn exports projected to increase 125M bushels
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April 8, 2014
17:02 EDTSTKLSunOpta to add third aseptic processor at Modesto, CA facility
SunOpta announced further expansion to its aseptic processing and packaging operations in Modesto, California. In order to continue to meet committed customer demand and enable new growth opportunities, the company will add a third processor at the Modesto facility. The installation is expected to be commissioned during the third quarter of 2014 and will increase processing capacity at the facility by approximately 33%, while also improving operating flexibility and efficiencies. The company also expects to add additional aseptic filling lines at the Modesto plant over the course of 2014 in order to meet increased product demand from new and existing customers across a broad array of categories including non-dairy, nutritional beverages and dairy.
April 4, 2014
07:51 EDTADMArcher Daniels price target raised to $50 from $45 at Citigroup
Citigroup raised its price target for Archer Daniels shares to $50 after meeting with management and keeps a Buy rating on the stock. Citi said it has increased conviction that ADM's main businesses are building positive momentum.

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