Corporate market news for Feb 2007 Agricore Buys Input RetailersWINNIPEG - Feb 1/07 - SNS -- Agricore United finalized its acquisition of Green Acres Fertilizer Service (Major) Inc., Green Acres Chemical Ltd. (collectively Green Acres) and Kerrobert Agro Services Ltd. (Kerrobert), two full service crop production businesses in western Saskatchewan. . . . Continue or visitors click here ADM Profits JumpNEW YORK - Feb 1/07 - SNS -- Archer Daniels Midland (ADM) reported pretax earnings of U.S. $628.7 million on sales of $10,976 million for the second quarter ending December 31, compared to earnings of $506.7 million on sales of $9,299 million during the same three month period the previous year. . . . Continue or visitors click here CN Appeals Grain Handling FineTORONTO - Feb 1/07 - SNS -- CN Rail will appeal the fine imposed upon it for handling more grain in 2006 than it is allowed to under a revenue cap imposed on Canadian railways by the Transportation Act. . . . Continue or visitors click here APG Names Dooper Extension ManagerLEDUC - Feb 6/07 - SNS -- The Alberta Pulse Growers (APG) apppointed Yves Dooper as its Research/Extension Manager. . . . Continue or visitors click here ConAgra Sells Grain ElevatorsNEW YORK - Feb 7/07 - SNS -- ConAgra Foods Inc. sold two grain elevators in Minnesota to Whitebox Advisors LLC, a small, private Minneapolis-based hedge fund for an undisclosed price. . . . Continue or visitors click here Noble Buys Sugar MillHONG KONG- Feb 8/07 - SNS -- Noble Group has acquired 100% of Usina Petribu Paulista Ltda. (UPP), a sugar mill company in South Brazil, Sao Paulo State, paying U.S. $70 million. . . . Continue or visitors click here Bunge CFO QuitsNEW YORK - Feb 8/07 - SNS -- Bunge Limited said William M. Wells, Chief Financial Officer, will leave to accept the position of CFO with Canada's Loblaw Companies Limited. . . . Continue or visitors click here Bunge's Fourth Quarter Rescues YearNEW YORK - Feb 8/07 - SNS -- Bunge Limited reported net income of U.S. $264 million on sales of $7,683 million for the fourth quarter ending December 31, compared to a net of $149 million on sales of $6.753 million during the same three-month period one year earlier. . . . Continue or visitors click here Agricore Board Rejects SWP OffersWINNIPEG - Feb 9/07 - SNS -- Agricore United's board of directors are recommending that shareholders continue to reject the revised offers from Saskatchewan Wheat Pool Inc. (SWP). . . . Continue or visitors click here Louis Dreyfus Commodities Buys BrazilianNEW YORK - Feb 16/07 - SNS -- Louis Dreyfus Commodities Bioenergy finalized its purchase of Brazil's Grupo Tavares de Melo. . . . Continue or visitors click here Agricore Board Approves JRI MergerWINNIPEG - Feb 21/07 - SNS -- Agricore United's board of directors are recommending shareholders accept a merger proposal from James Richardson International Limited (JRI). . . . Continue or visitors click here SWP Presses Ahead With Agricore BidWINNIPEG - Feb 21/07 - SNS -- The Saskatchewan Wheat Pool (SWP) is unwilling to back down from efforts to absorb Agricore United and asserts its bid is very much alive despite the Agricore board's approval of a competing bid from James Richardson International Ltd. (JRI) and the Ontario Teachers' Pension Plan (OTPP). . . . Continue or visitors click here Noble Finishes 2006 on Strong NoteNEW YORK - Feb 22/07 - SNS -- Noble Group Limited a net profit of U.S. $134.5 million on revenues of $13.8 billion for the 2006 fiscal year. . . . Continue or visitors click here SWP Buys Gates Fertilizer AssetsREGINA - Feb 26/07 - SNS -- The Saskatchewan Wheat Pool bought some of the assets of Gates Fertilizer Ltd., including leases on two retail outlets located in Nipawin and Carrot River, Saskatchewan. . . . Continue or visitors click here 2Q Results Put SWP in BlackREGINA - Feb 27/07 - SNS -- The Saskatchewan Wheat Pool Inc. (SWP) reported net earnings of CDN $7.935 million on revenue of $448.236 million for the second quarter ended January 31, compared to a net of $2.945 million on sales of $367.725 million during the same three month period last year. . . . Continue or visitors click here Fresh Del Monte Loss WidensNEW YORK - Feb 27/07 - SNS -- Fresh Del Monte Produce Inc. reported a net loss of U.S. $59.9 million on sales of $737.6 million for the fourth quarter ending December 29, compared to a net loss of $3.5 million on sales of $757.9 million during the samethree month period one year earlier. . . . Continue or visitors click here Heinz Profits ExpandNEW YORK - Feb 27/07 - SNS -- H. J. Heinz Company reported a net income of U.S. $219 million on sales of $2,295 million for the third quarter ending January 31, compared to a bet of $117 million on sales of $2,187 million the same three month period last year. . . . Continue or visitors click here Bunge Dividend DeclaredNEW YORK - Feb 27/07 - SNS -- Bunge Limited declared a regular quarterly cash dividend of $0.16 per common share. The dividend is payable on May 31, 2007 to shareholders of record on May 17, 2007. . . . Continue or visitors click here
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