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December 12, 2012
18:18 EDTADMArcher Daniels isues statement regarding GrainCorp response to proposal
Archer Daniels issued the following statement: “We note GrainCorp’s response today to our revised proposal. On Dec. 3, we approached GrainCorp’s board of directors with a revised proposal of A$12.20 a share in cash. (...) when combined with the dividend of A$0.35 per share announced on Nov. 15, our revised proposal represented a total value to GrainCorp shareholders of A$12.55 a share. (...) Our proposal offered more certainty, greater value and immediate realization of potential future value for GrainCorp shareholders than GrainCorp’s stand-alone plan. We intend to consider all our options with respect to GrainCorp and our 19.9 percent shareholding.”
News For ADM From The Last 14 Days
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November 22, 2015
18:21 EDTADMSugar producers settle battle with high-fructose corn syrup, Bloomberg says
Sugar producers have settled a legal dispute with high-fructose corn syrup makers including Archer-Daniels Midland after accusing the HFCS firms of misusing the term "natural," reports Bloomberg. Though terms of the settlement were unclear, Bloomberg noted the sugar companies had sought $1.6B in damages while ADM and other co-defendants had sought $531M. Reference Link
November 20, 2015
11:05 EDTADMSyngenta sues grain trading companies in corn conflict, WSJ says
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10:59 EDTADMArcher Daniels downgraded to Equal Weight from Overweight at Stephens
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