ADM announced today that it plans to construct a new, state-of-the-art facility in Valencia, Spain, that will expand its capabilities to meet growing demand for microbiome solutions. “Our new Valencia facility will feature leading-edge technology and dramatically enhance our ability to meet fast-growing demand for products and solutions from nature designed to target the microbiome and help improve metabolic health,” said [...]
ADM and Spiber Inc. today announced an agreement to expand the production of Spiber’s innovative Brewed Protein™ polymers for use in apparel and other consumer products. The collaboration will combine Spiber’s cutting-edge structural protein fermentation technology with ADM’s deep expertise in large-scale fermentation technologies, engineering, operations and extensive agricultural supply chain. This press release [...]
ADM will release financial results for the third quarter of 2020 after the market closes on Thursday, Oct. 29, 2020. A slide presentation will also be available for download at this time. The company will host a webcast on Friday, Oct. 30, at 7 a.m. Central Time to discuss the results and provide a company update. To listen to the webcast or to download the slide presentation, go to www.adm.com/webcast. A replay of the [...]
ADM today announced the following consideration to be paid for its previously announced cash tender offers for up to $664,843,000 aggregate principal amount of its below-listed outstanding debentures and notes . Offer to Purchase Up to $664,843,000 Aggregate Principal Amount of the Outstanding Securities Listed Below Title of Security CUSIP No. Acceptance Priority Level U.S. Treasury Reference Security U.S. Treasury [...]
ADM today announced that as of 5:00 p.m., New York City time, on September 21, 2020 , the below-listed amounts of the following debentures and notes have been validly tendered and not validly withdrawn in connection with the cash tender offers, as reported by D.F. King & Co., Inc., the tender and information agent for the tender offers. These Securities, if accepted, will be eligible for the early tender payment of $30.00 [...]
To kick off Climate Week, ADM and CDP will be co-hosting an online panel discussion, Nourishing Resilience: ESG as a Tool for Sustainable Food and Ag Growth, on Monday, Sept. 21, at 11 a.m. Eastern Time. The session features: Ray Young, Chief Financial Officer, ADM; Bruno Sarda, President, CDP North America; Amy Senter, Vice President, Global Sustainability and Chief Sustainability Officer, Kellogg Company; Moderator [...]
ADM will present at the J.P. Morgan U.S. All Stars Conference on Wednesday, Sept. 16, 2020. Chief Financial Officer Ray Young will present at 1 p.m. London BST . ADM’s presentation will be webcast live at www.adm.com/webcast. A replay of the presentation will also be available for a limited time on www.adm.com/webcast. About ADM At ADM, we unlock the power of nature to provide access to nutrition worldwide. With [...]
ADM today announced the commencement of cash tender offers to purchase the 12 series of debentures and notes listed in the table below . Offer to Purchase Up to $600,000,000 Aggregate Principal Amount of the Outstanding Securities Listed Below Title of Security CUSIP No. Principal Amount Outstanding Acceptance Priority Level U.S. Treasury Reference Security Bloomberg Reference Page Fixed Spread Early Tender Payment [...]
ADM has identified six emerging behavioral changes that will power innovation and growth in the months ahead. “Consumers’ attitudes, priorities and behaviors are shifting significantly,” said Ana Ferrell, VP of Marketing, ADM. “This evolution is providing a unique opportunity for forward-looking food and beverage companies to bring a suite of trailblazing new products to market.” Recent ADM OutsideVoice? research shows [...]
ADM today announced that it has completed the second of its two previously announced capital raising transactions: the issuance of $300 million aggregate principal amount of zero-coupon bonds, due in 2023 and exchangeable into Wilmar shares. When combined with ADM’s secondary block trade of Wilmar shares, which settled on August 24, ADM has raised approximately $850 million of capital. ADM expects to use the net proceeds [...]
ADM today announced that it has completed its previously announced secondary block trade of approximately $550M in Wilmar ordinary shares. “We are exceptionally pleased with our longstanding relationship with Wilmar,” said ADM Chairman and CEO Juan Luciano. “This transaction provides ADM with additional capital while retaining that strong relationship. We have no plans to sell additional Wilmar shares, and look forward to [...]
ADM today announced that its wholly-owned subsidiaries ADM Ag Holding Limited and Archer Daniels Midland Asia-Pacific Limited have entered into a secondary block trade agreement with a syndicate of managers pursuant to which the Sellers have sold 170.5 million ordinary shares of Wilmar at a price of SGD4.40 per Wilmar Share on August 19, 2020). The Wilmar Shares sold pursuant to the Block Trade Agreement are being offered [...]
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