ADM Statement Regarding GrainCorp Response
DECATUR, Ill., Nov. 14, 2012 – Archer Daniels Midland Company (NYSE: ADM) spokesperson Jackie Anderson today issued the following statement:
“We note GrainCorp’s response today to our proposal. On Oct. 19, we approached GrainCorp’s board with a proposal that represented a significant premium to the prevailing GrainCorp share price at the time of our approach. We believe it remains an attractive proposal.”
For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve vital needs. Today, 30,000 ADM employees around the globe convert oilseeds, corn, wheat and cocoa into products for food, animal feed, industrial and energy uses. With more than 270 processing plants, 420 crop procurement facilities, and the world’s premier crop transportation network, ADM helps connect the harvest to the home in more than 160 countries. For more information about ADM and its products, visit www.adm.com.
Archer Daniels Midland Company