Archer Daniels Midland Company Sets New Coupon for Exchange Offer.DECATUR, Ill.--(BUSINESS WIRE)--Oct. 22, 1998--As announced on Sept. 25, 1998 and amended on Oct. 13, 1998, 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 (NYSE NYSE See: New York Stock Exchange :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]. )(the "Company") has offered to exchange newly issued Debentures due Nov. 15, 2010 ("New Debentures") for its outstanding 7% Debentures due May 15, 2011 (the "Exchange Offer"). Pursuant to the terms of the Exchange Offer, the following pricing information was determined at 2:00 p.m., New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on Oct. 21, 1998: -0-
Benchmark Treasury Yield 4.57%
Spread +130 basis points
New Coupon of the New Debentures 5.87%
-0- The Exchange Offer expires at 12:00 midnight New York City time on Monday, Oct. 26, 1998, unless further extended by the Company. This announcement constitutes neither an offer to sell nor a solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy the New Debentures that are the subject of the Exchange Offer. Offers are made only by the Exchange Circular for the Exchange Offer, as supplemented, which can be obtained by calling Georgeson & Company Inc., the information agent, at (800) 223-2064 (toll free) or (212) 440-9800 (call collect). In addition, holders of the 7% Debentures due May 15, 2011 may contact Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. & Co., the financial advisor, at (888) 654-8637 (toll free) or (212) 449-4914 (call collect)(attn: David Parsons Parsons, city (1990 pop. 11,924), Labette co., SE Kans.; inc. 1871. It is a shipping point for dairy products, grain, and livestock. Manufactures include ammunition, wire and paper products, plastics, and appliances. ). The financial advisor and the information agent will answer all questions with respect to the Exchange Offer solely by reference to the terms of the Exchange Circular. In addition, all questions with respect to the Exchange Offer may be directed to the Company at (800) 252-5883 (toll free) or (217) 424-2592 (attn: Charles P. Archer). The Exchange Offer is being made to holders of the 7% Debentures due May 15, 2011 pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended, under Section 3(a)(9). |
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