Corporate market news for Mar 2004 General Mills Decalres DividendMINNEAPOLIS - Mar 2/04 - SNS -- General Mills declared a quarterly dividend payment at the prevailing rate of $.275 per share. The dividend is payable May 3, 2004, to shareholders of record April 12, 2004. . . . Continue or visitors click here Bunge To Buy Kama FoodsWHITE PLAINS - Mar 2/04 - SNS -- Bunge Europe has signed a preliminary agreement to buy the assets Polish edible oil and margarine producer Kama Foods from bankruptcy receivership, through EWICO, a limited liability company in Poland. . . . Continue or visitors click here Cargill Buying Burris Mill & FeedMINNEAPOLIS - Mar 2/04 - SNS -- Cargill Animal Nutrition has signed a purchase agreement for the assets of Burris Mill & Feed, Inc. in Franklinton, La. . . . Continue or visitors click here General Mills Elects DirectorMINNEAPOLIS - Mar 2/04 - SNS -- Michael D. Rose was elected to the General Mills board of directors, bringing the number of directors to 15. . . . Continue or visitors click here Danone Selling National Foods StakeSYDNEY - Mar3/04 - SNS -- Groupe Danone sold its 10% stake in Australia's National Foods dairy company for an estimated $126 million. . . . Continue or visitors click here ABB AusBulk Merger Talks EndSYDNEY - Mar 3/04 - SNS -- Merger talks between the Australian barley marketing board, ABB Grain Ltd., and AusBulk Ltd. ended because the companies could not agree on one another's valuation. . . . Continue or visitors click here Agricore United Expands Credit FacilitiesWINNIPEG - Mar 4/04 - SNS -- The number of banks involved in providing revolving credit facilities to Agricore United was increased and the company's credit facilities boosted from $350 to $375 million. . . . Continue or visitors click here Land O'Lakes Names Kappelman ChairmanARDEN HILLS - Mar 4/05 - SNS -- Land O’Lakes named Pete Kappelman, a dairy producer from Two Rivers, Wis., as its 2004 Board Chairman, the company's ninth chairman. . . . Continue or visitors click here ABB Grain Buys ProGrainSYDNEY - Mar 5/04 - SNS -- Australia's barley marketing board, ABB Grain Ltd. is buying Professional Grain Services Pty Ltd., an agricultural commodity containerisation company. . . . Continue or visitors click here Agricore United Buys Vertech FeedsWINNIPEG - Mar 5/04 - SNS -- Agricore United's wholly own subsidiary Unifeed Limited bought the Red Deer, Alberta based Vertech Feeds Ltd. Financial terms of the transaction were not disclosed. . . . Continue or visitors click here ABF Buys Unilever's Mexican BrandsLONDON - Mar 9/04 - SNS -- Associated British Foods plc (ABF) has agreed to buy Unilever’s food oils and fats brands in Mexico for US$ 110 million in cash. . . . Continue or visitors click here CBOT, Japan's TIFFE PactCHICAGO - Mar 10/04 - SNS -- The Tokyo International Financial Futures Exchange (TIFFE) and the Chicago Board of Trade (CBOT®) will formally cooperate in the development and efficient operation of both markets. . . . Continue or visitors click here Chiquita Reports Mixed Banada Market ResultsCINCINNATI - Mar 10/04 - SNS -- Chiquita Brands International, Inc. says average sales prices for bananas declined 6% in North America but rose elsewhere in the world in U.S. dollar terms during the first two months of the company's 2004 first quarter. . . . Continue or visitors click here Heinz Declares Quarterly DividendPITTSBURGH - Mar 10/04 - SNS -- The H.J. Heinz Company approved a 5.5% increase in the annual dividend on common stock for Fiscal Year 2005 from 27 cents to 28.5 cents per quarter, effective with the July 2004 dividend. . . . Continue or visitors click here AWB Elects DirectorsSYDNEY - Mar 11/04 - SNS -- Two directors were re-elected to the board of the Australian Wheat Board (AWB) Limited at the company's annual general meeting and a third elected to the board. . . . Continue or visitors click here Danisco Buys Rhodia Food IngredientsCOPENHAGEN - Mar 11/034 - SNS -- Danisco announced the purchase of Rhodia's food ingredients activities for DKK 2,400 million (EUR 320 million) with expected completion in May 2004 following the approval of the competition authorities. . . . Continue or visitors click here SWP Plans to Exit Hog BusinessREGINA - Mar 12/04 - SNS -- The Saskatchewan Wheat Pool (SWP) intends to sell its interests in the pork industry and exit that side of its business. . . . Continue or visitors click here Bunge Declares Quarterly DividendWHITE PLAINS - Mar 15/04 - SNS -- Bunge Limited declared a quarterly cash dividend of $0.11 per share. . . . Continue or visitors click here Cargill Completes Agway Feed PurchaseMINNEAPOLIS - Mar 15/04 - SNS -- Cargill Animal Nutrition completed its purchase of Agway Feed and Nutrition from Agway, Inc. . . . Continue or visitors click here DANONE Expands in Mexico's Water MarketGENEVA - Mar 16/04 - SNS -- Groupe DANONE has entered Mexico's home and office water delivery market with the purchase of Arco Iris. . . . Continue or visitors click here Noble Completes Convertible Bond IssueHONG KONG - Mar 16/04 - SNS -- Noble Group Limited completed a U.S. $200 million convertible bond issue. . . . Continue or visitors click here General Mills Reports $242 M ProfitMINNEAPOLIS - Mar 16/04 - SNS -- General Mills, Inc. reported a quarterly after tax earnings of U.S. $242 million on sales of $2.70 billion for the 13 weeks ending Feb. 22, 2004. . . . Continue or visitors click here Australia's Dried Fruit Industry Merging?SYDNEY - Mar 17/04 - SNS -- Australia's dried fruit industry hopes to consolidate under a single company if government officials do not block two proposed mergers in the industry. . . . Continue or visitors click here Kiev-Konty Buys Konditer-KurskKIEV - Mar 17/04 - APK -- Closed joint-stock company Kiev-Konty (Kiev), one of the largest confectionaries in Ukraine, has bought Russian closed joint-stock company Konditer-Kursk confectionary, PR-manager of Kiev-Konty Andrey Buryak said. According tohim, it would allow the company to increase its share on the Russian domestic market and enrich the commodities. . . . Continue or visitors click here Cavalieri Joins Chromatin BoardCHICAGO - Mar 17/04 - SNS -- Anthony J. Cavalieri, Ph.D., was named to Chromatin, Inc. board of directors. . . . Continue or visitors click here TGE CBOT MOUCHICAGO - Mar 18/04 - SNS -- The Tokyo Grain Exchange (TGE) and Chicago Board of Trade (CBOT) signed a memorandum of understanding (MOU) to closely share information about listings of new products, changes to existing contact specifications and tradingmethods. . . . Continue or visitors click here Agricore Declares Quarterly DividendWINNIPEG - Mar 18/04 - SNS -- Agricore United declared a $0.03 per share quarterly dividend on the Limited Voting Common Shares payable on May 14, 2004 to shareholders of record at the close of business on April 15, 2004. . . . Continue or visitors click here Agricore United Reports $12.7M LossWINNIPEG - Mar 18/04 - SNS -- Agricore United reported a $12.7 million of 31 cent per share loss for the quarter ending January 31, a good improvement on the net loss of $19.6 million or $0.46 per share for the same quarter last year. . . . Continue or visitors click here Agricore United Reports Reduced Grain ShareWINNIPEG - Mar 18/04 - SNS -- Agricore United reports that its share of the western Canadian grain handle at primary elevators slipped from 35.5% during the November to January quarter of the 2002-03 marketing year to 33.1% this season. . . . Continue or visitors click here Agricore United Offers Dividend ReinvestmentWINNIPEG - Mar 19/04 - SNS -- Agricore United is offering shareholders a chance to reinvest the quarterly dividends declared this week. . . . Continue or visitors click here Big Rock Brewery AllocationCALGARY - Mar 19/04 - SNS -- Big Rock Brewery Income Trust will pay unitholders of record on March 31 $0.07 per trust unit on April 15, 2004. . . . Continue or visitors click here Chai-Na-Ta 2003 Profits JumpRICHMOND - Mar 18/04 - SNS -- Chai-Na-Ta Corp. reported net earnings of $2.6 million or $0.17 per basic share for its 2003 fiscal year, a solid improvement on the $300,000 or $0.02 per basic share reported for fiscal 2002. . . . Continue or visitors click here Agricore Sells Eastbank Crop Production CentreWINNIPEG - Mar 22/04 - SNS -- Agricore United sold its Eastbank Crop Production Centre in Broderick, Saskatchewan, to the Gardiner Dam Terminal Joint Venture. . . . Continue or visitors click here Mize Named to Noble BoardHONG KONG - Mar 23/04 - SNS - Noble Group Ltd appointed Gary Mize as a main Board director. . . . Continue or visitors click here CanAmera Foods Becomes Bunge CanadaST. LOUIS - Mar 23/04 - SNS -- Bunge Limited's Canadian operation, CanAmera Foods, is changing its legal and operating name to Bunge Canada effective March 29. . . . Continue or visitors click here Agricore United Earns C-TPAT CertificationWINNIPEG - Mar 23/04 - SNS -- Agricore United has been certified under the United State Customs and Border Protection (CBP) Department of Homeland Security Customs-Trade Partnership Against Terrorism (C-TPAT) program. . . . Continue or visitors click here DeMarchi Heads NAMA Export ProgramsWASHINGTON - Mar 23/04 - SNS -- The North American Millers Association named Jane B. DeMarchi its coordinator of technical and export programs. . . . Continue or visitors click here SWP Reports $4.8 Million LossREGINA - Mar 24/04 - SNS -- The Saskatchewan Wheat Pool (SWP) continued to improve its financial performance during the second quarter ending January 31, with the quarterly loss slashed from $18.8 million last year to just $4.8 million, which included provisions for the "impairment in the pork and related operations." . . . Continue or visitors click here SWP Reports Higher Grain HandleREGINA - Mar 24/04 - SNS -- The Saskatchewan Wheat Pool (SWP) reported a 27% increase in primary grain shipments from 1.27 million metric tons (MT) last year to 1.62 million MT for the quarter ending January 31. . . . Continue or visitors click here Baker Elected SWP PresidentREGINA - Mar 24/04 - SNS -- The Saskatchewan Wheat Pool (SWP) named Terry Baker President and Chairman of the Board, and re-elected Thad Trefiak as Vice-President. Douglas Kitchen was re-elected to a second term as Lead Director and Vice-Chair. . . . Continue or visitors click here ConAgra Reports $203 Million NetOMAHA - Mar 25/04 - SNS -- ConAgra Foods, Inc. reported net earnings of $203 million, or $0.38 per diluted share, for the third quarter ended Feb. 22, 2004; this represents an $0.08 per share increase over last year's earnings of $161 million, or $0.30per diluted share. . . . Continue or visitors click here Central Canada Foods Profits Inch UpwardMISSISSAUGA - Mar 26/04 - SNS -- Central Canada Foods Corporation increased sales by more than 65% to $6,352,000 from $3,837,000 during the quarter ending quarter ended January 31; but net earnings only increase $10,000 to $141,310. . . . Continue or visitors click here CCA Elects Eby PresidentOTTAWA - Mar 29/04 - SNS -- The Canadian Cattlemen's Association (CCA) elected Stan Eby of Kincardine, Ontario, president at its annual meeting here last week. . . . Continue or visitors click here Agroexport Expanding Crushing PlantKIEV - Mar 29/04 - APK -- According to the Director of Company "Agroexport" Hennadiy Zhyltsov, the oil-extraction plant "Extrol", belonging to the company, has started installation of two new oil-extraction presses, which will increase its production capacity up to 600 metric tons (MT) daily. . . . Continue or visitors click here Monsanto Selling European Wheat BusinessST. LOUIS - Mar 29/04 - SNS -- Monsanto Company has agreed to sell assets associated with the company's European wheat and barley business to Rodez, France-based RAGT Genetique, S.A. Monsanto originally stated its intention to exit the European wheat and barley breeding business as a part of a global restructuring plan announced in October 2003. . . . Continue or visitors click here International Multifoods Earnings DownMINNEAPOLIS - Mar 31/04 - SNS -- International Multifoods Corp. reported fourth quarter net earnings of U.S. $2.7 million, or 14 cents per diluted share, a steep decline from the $7.9 million, or 40 cents per diluted share, reported for the same quarter last year. . . . Continue or visitors click here
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