Archer Daniels Midland Company, Decatur, Ill., announces that its wholly owned subsidiary, ADM Agri-Industries Company, has agreed to purchase 1,520,000 limited voting common shares of Agricore United at a price of $9.63 per share on a private placement basis.Archer Daniels Midland The Archer Daniels Midland Company (NYSE: ADM), is a conglomeration based in Decatur, Illinois. ADMoperates more than 270 plants worldwide, where cereal grains and oilseeds are processed into numerous products used in food, beverage, nutraceutical, industrial and animal feed Company, Decatur, Ill., announces that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , ADM See add/drop multiplexer. (language) ADM - A picture query language, extension of Sequel2. ["An Image-Oriented Database System", Y. Takao et al, in Database Techniques for Pictorial Applications, A. Blaser ed, pp. 527-538]. Agri-Industries Company, has agreed to purchase 1,520,000 limited voting Limited voting is a voting system in which electors have fewer votes than there are positions available. The positions are awarded to the candidates who receive the most votes absolutely. common shares of Agricore United at a price of $9.63 per share on a private placement basis. Agricore United will use the proceeds from the private placement to partially finance its acquisition for cancellation of 1,527,694 limited voting common shares under its previously announced share consolidation program. The purchase of the private placement shares will be made pursuant to the exercise of ADM's existing pre-emptive rights. |
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