Archer Daniels Midland (ADM) posted a net profit of $788m in Q4 of last year, as the top US grains merchant revealed it was looking to expand. ADM, based in Chicago, wants to expand through strategic mergers and acquisitions, and to "invest to plug holes in our value chain" as forecasts of massive grain inventories threaten trader margins, according to CEO Yashaswini Swamynathan. He would not discuss reports that ADMit had made a takeover approach to Bunge.
Archer Daniels Midland (ADM) posted a net profit of $788m in Q4 of last year, as the top US grains merchant revealed it was looking to expand. ADM, based in Chicago, wants to expand through strategic mergers and acquisitions, and to "invest to plug holes in our value chain" as forecasts of massive grain inventories threaten trader margins, according to CEO Juan Luciano. He would not discuss reports that ADMit had made a takeover approach to Bunge.