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ADM Sells Agricore Interest
NEW YORK - May 25/07 - SNS -- Archer Daniels Midland Company has tendered all of the limited voting common shares of United Grain Growers Limited, doing business as Agricore United, that it beneficially owns or controls to the Saskatchewan Wheat Pool (SWP).
The company will receive CDN $20.50 in cash for each of the 16,635,497 Common Shares it controls. This gave ADM a 28% interest in Agricore. It will also vote for the Continuance and the Arrangement in accordance with ADM's existing contractual arrangements with Agricore.
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