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Stock Market & Financial Investment News

News Breaks
July 7, 2014
10:05 EDTADMArcher Daniels sees WILD sales to reach EUR 1B in 2014
The company expects the estimated 2014 combined revenue to be $2.5B; Sees EUR 100M in estimated synergies by year three. Sees global specialty food ingredient market to worth $100B by 2023. Expects global demand for soy, dairy and other plant-based protein ingredients to grow 5.6% between 2013-2018. Because of the transaction, the company will reduce its 2014 CapEx to $900M from $1.2B. It will continue its 18M share buyback target by year end and said its credit rating will not be affected. Comments taken from slides for conference call to discuss the acquisition of WILD Flavors GmbH.
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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