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Stock Market & Financial Investment News

News Breaks
February 4, 2013
13:25 EDTADMEarnings Preview: Archer Daniels Midland trading up 6% since last report
Archer Daniels Midland Company (ADM) is expected to report Q2 earnings before the market open on Tuesday, February 5 with a conference call scheduled for 9:00 am ET. Archer Daniels Midland is engaged in the processing of oilseeds, corn, wheat, cocoa, and other agricultural commodities... EXPECTATIONS: Analysts are looking for EPS of 56c on revenue of $23.67B. The consensus range is 49c-62c for EPS, and $22.25B-$24.48B for revenue, according to First Call... LAST QUARTER: Archer Daniels Midland reported Q1 EPS 50c against estimates of 35c, on revenue of $21.8B against estimates of $22.0B... STREET RESEARCH AND NEWS: Last November, BMO Capital upgraded Archer Daniels Midland to Outperform from Market Perform, citing the underperformance of shares near that time and expectations for the company's fundamentals to improve in the second half of 2013. The firm also raised its price target for shares to $32 from $26. In early December, Archer Daniels made a $2.9B takeover offer for Australia's GrainCorp, which GrainCorp rejected, saying it "materially undervalues" the company... PRICE ACTION: Over the last three months, Archer Daniels Midland is trading up over 6%. In midday trading ahead of the Q2 report, shares are trading down slightly to $28.50.
News For ADM From The Last 14 Days
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July 17, 2015
09:31 EDTADMArcher Daniels sale of European chocolate business to Cargill receives clearance
Archer Daniels Midland's chocolate business in Europe has received conditional clearance from the European Commission to be acquired by Cargill. This completes the regulatory approval process for the global deal. After closing of the transaction, three chocolate, compound and liquor production sites in North America and three chocolate and compound production sites in Europe and more than 650 employees will transfer to Cargill as well as three brands. Addressing the European Commission's competition concerns, Cargill has agreed to divest ADM's industrial chocolate production facility in Mannheim, Germany. The facility will be kept as a separate entity with its own interim management until an agreement with a prospective buyer has been made.

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