The Korea Fair Trade Commission has notified Archer Daniels Midland
Company (NYSE: ADM) of its approval of ADM’s proposed acquisition of
GrainCorp Limited. This brings the number of government agencies that
have cleared the acquisition to seven. The European Commission, the
Japan Fair Trade Commission, South Africa’s Competition Commission and
Canada’s Competition Bureau cleared the acquisition in July; the
Australian Competition and Consumer Commission did so in June. The
United States Federal Trade Commission also approved the acquisition
last November. ADM continues to work with regulators in Australia and
China.
About ADM
For more than a century, the people of Archer Daniels Midland Company
(NYSE: ADM) have transformed crops into products that serve vital needs.
Today, 30,000 ADM employees around the globe convert oilseeds, corn,
wheat and cocoa into products for food, animal feed, industrial and
energy uses. With more than 265 processing plants, 460 crop procurement
facilities, and the world’s premier crop transportation network, ADM
helps connect the harvest to the home in more than 140 countries. For
more information about ADM and its products, visit www.adm.com.
Copyright Business Wire 2013