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Stock Market & Financial Investment News

News Breaks
February 4, 2014
09:19 EDTADMArcher Daniels says balance sheet supports M&A opportunities, capital plan
Archer Daniels says its 2013 performance puts it ahead of schedule on its cost management plan, including energy efficiency. The company says its balance sheet supports its previously announced capital plan and leaves it flexibility for M&A opportunities. Comments from Q4 earnings conference call and slides.
News For ADM From The Last 14 Days
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December 17, 2014
12:10 EDTADMMosaic acquisition of Archer Daniels fertilizer unit to spur growth in Brazil
The Mosaic Company (MOS) announced that it has completed the previously announced acquisition of Archer Daniels Midland's (ADM) fertilizer distribution business in Brazil and Paraguay for $350M. The assets purchased include $150M in working capital. The acquisition is expected to significantly accelerate Mosaic's growth plans in Brazil as well as replace a substantial amount of planned internal investment in that country. Mosaic's distribution capacity in the region is expected to increase from approximately four million tonnes per year to 6M tonnes. As a result of the acquisition, Mosaic intends to manage and report a new international distribution segment beginning in the first quarter of 2015.
December 16, 2014
06:24 EDTADMArcher Daniels price target raised to $57 from $52 at Citigroup
Citigroup raised its price target for Archer Daniels shares to $57 from $52 following the company's analyst day and sale of its underperforming cocoa business. Citi sees continued momentum in ADM's core processing and transportation businesses and keeps a Buy rating on the stock.
December 15, 2014
18:30 EDTADMArcher Daniels to sell global cocoa business to Olam for $1.3B
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18:08 EDTADMOlam to acquire Archer Daniels cocoa business for $1.3B, Bloomberg reports
December 10, 2014
12:04 EDTADMUSDA lowers 2014/15 soybean ending stock forecast
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