Archer Daniels Midland Co.

NYSE:ADM   9:40:03 AM EDT
+0.61 (+1.02%)
Equity Investments, Mergers / Acquisitions

ADM Acquires Majority Stake In Petdine, Pedigree Ovens, The Pound Bakery

Published: 09/08/2021 15:23 GMT
Archer Daniels Midland Co. (ADM) - Adm Significantly Expands Pet Treat and Supplement Capabilities With Planned Acquisition of Majority Stake in Petdine, Pedigree Ovens, the Pound Bakery.
Archer-daniels-midland Co - Deal Values Four Enterprises in Their Entirety at About $600 Million, and Adm Will Acquire 75% of Equity.
Archer-daniels-midland - Agreement Includes Put/call Option Under Which Parties Could Agree for Co to Buy Remaining 25% at Agreed-upon Market Price in Coming Yrs.