Market Overview

Archer Daniels Midland Rumored To Be Near Deal With Wild Flavors

Share:
Related ADM
BMO Capital Markets Offers Up A Host Of Contrarian Stock Ideas
10 Notable Stocks Trading Ex-Dividend Monday, August 15
August 2016 Update: Dugan Stock Scoring System Mid-January 2016 Purchases Continue Massively Outperforming The S&P 500 (Seeking Alpha)

Bloomberg reported Thursday morning citing people familiar with the matter as saying that U.S. food processor, Archer Daniels Midland (NYSE: ADM) is nearing a $3.4 billion deal with Switzerland-based Wild Flavors.

According to the source, Archer Daniels Midland outbid Ajinomoto Co., a Japanese-based competitor.

The acquisition of Wild Flavors, which had sales of 838 million euros in 2012, would help Archer Daniels Midland meet the growing demand for more natural ingredients used in its products, according to the article.

Currently, New York-based Kohlberg Kravis Roberts & Co. owns 35 percent of Wild Flavors with the rest belonging to Hans-Peter Wild.

Posted-In: BloombergNews Rumors M&A

 

Related Articles (ADM)

View Comments and Join the Discussion!