ADM Statement on Rejection of Its Application to Acquire GrainCorp
November 28 – “We are disappointed by this decision,” said ADM Chairman and CEO Patricia Woertz after the announcement by the Australian Federal Treasurer that he has made an order prohibiting ADM’s proposed acquisition of GrainCorp. “We are confident that our acquisition of GrainCorp would have created value for shareholders of ADM and GrainCorp, as well as grain growers and the Australian economy.” Woertz added that “As owner of 19.85 percent of GrainCorp, we will look to work with them to maximize returns on our investment and create value for both companies.” See full story here.
ADM Announces Package of Enhanced Commitments for GrainCorp Acquisition
November 26 – ADM announced a package of additional commitments related to its proposed acquisition of GrainCorp Limited. The package included an additional A$200 million investment to strengthen Australian agricultural infrastructure, along with commitments regarding handling charges at silos and ports, and open access for port services. When combined with earlier announced investments, ADM’s commitments total A$500 million. See full story here.
Chairman and CEO Pat Woertz Addresses Australian Leaders
November 8 – ADM Chairman and CEO Patricia Woertz spoke to business leaders in Melbourne about the opportunities for Australian agriculture to meet the demands of a growing global population and middle class. Read the full speech here.
___________________________________________________ South Korea Clears ADM Acquisition of Graincorp
August 7 – The Korea Fair Trade Commission has notified Archer Daniels Midland Company (NYSE: ADM) of its approval of ADM’s proposed acquisition of GrainCorp Limited. See full statement here.
European Commission Clears ADM Acquisition of GrainCorp
July 29 – The European Commission has notified Archer Daniels Midland Company (NYSE: ADM) of its approval of ADM’s proposed acquisition of GrainCorp Limited. See full statement here.
Ian Pinner Interviewed on ABC Landline
July 28 – Grains president Ian Pinner spoke with Chris Clark about ADM’s commitments to Australian growers, and the benefits that the company offers to Australian agriculture; see the interview here.
ADM R&D Profiled
July 28 – Colin Bettles writes in the Land about ADM’s efforts to produce healthier vegetable oils and other products from growers’ crops; see the full article here.
“They’re good neighbours; they just are.”
July 23 – A grower talks about his relationship with ADM; see the full article here.
Japan Clears ADM Acquisition of GrainCorp
July 23 – The Japan Fair Trade Commission today notified Archer Daniels Midland Company (NYSE: ADM) of its approval of ADM’s proposed acquisition of GrainCorp Limited. See the full statement here.