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Corporate market news for May 2004


Prairie Lamb Share Offer

REGINA - May 3/04 - SNS -- Canadian Prairie Lamb Inc. is offering both Class A and Class B shares in the company through the end of May at a cost of CDN $250 per share. . . . Continue or visitors click here


TAHC Names Commissioners

AUSTIN - May 3/04 - SNS -- Three new commissioners were named to the Texas Animal Health Commission (TAHC) for terms to expire Sept. 6, 2009. . . . Continue or visitors click here


Cargill Buys Burris Feed

MINNEAPOLIS - May 4/04 - SNS -- Cargill Animal Nutrition completed the purchase of the assets of Burris Mill & Feed, Inc. in Franklinton, La. . . . Continue or visitors click here


MGPI Earnings Up

ATCHISON - May 6/04 - SNS --MGP Ingredients, Inc. reported third quarter net income of $1,999,000, or 26 cents per share, on sales of $75,215,000; compared to a loss of $312,000 on sales of $52,536,000 during the same period last year. . . . Continue or visitors click here


ADM Declares Dividend

DECATUR - May 7/04 - SNS -- Archer Daniels Midland Company declared a cash dividend of seven and one-half cents a share on the Company’s stock payable June 10, 2004 to Shareholders of record May 18, 2004. . . . Continue or visitors click here


Heartland Hog Farms Purchase Offer

REGINA - May 7/04 - SNS -- Court approval is being sought for an offer by Sterling Pork Farm to purchase Heartland Pork's hog operations and related assets. . . . Continue or visitors click here


ABB AusBulk Merger Terms

SYDNEY - May 10/04 - SNS -- Terms of the proposed merger agreement which would see ABB Grain Ltd (ABB) take over AusBulk Ltd (AusBulk) and United Grower Holdings (UGH) were made available by the companies today. . . . Continue or visitors click here


AusBulk ABB Merger Agreement

SYDNEY - May 10/04 - SNS -- Australia's barley marketing board, ABB Grain Ltd (ABB), AusBulk Ltd (AusBulk) and United Grower Holdings (UGH) announced a merger proposal today which would see AusBulk and UGH, which holds 53.5% of AusBulk, become wholly owned subsidiaries of ABB. . . . Continue or visitors click here


United Agri Products Tenders for Senior Notes

GREELEY - May 10/04 - SNS -- United Agri Products, Inc. is offering to buy any and all of its outstanding $225,000,000 principal amount of 8 1/4% Senior Notes due 2011 (the "8 1/4% Notes"). . . . Continue or visitors click here


Agricore Acquires Prairie Mountain Agri

WINNIPEG - May 10/04 - SNS -- Agricore United is buying James Richardson International's (JRI) interest in Prairie Mountain Agri Ltd. (PMA) in Roblin, Manitoba. . . . Continue or visitors click here


Cargill Buying Agridea Brand

MILAN - May 10/04 - SNS -- Cargill Animal Nutrition is buying the Agridea feed brand from ASA srl – Gruppo Pizzolo (ASA), Verona, a prominent Italian food and feed processing company and Agridea’s manufacturing facility in Modena with 33 employees, plus a network of 30 sales agents. The transaction is expected to close by the end of May. . . . Continue or visitors click here


AgCanada Makes CDC Appointments

OTTAWA - May 10/04 - SNS -- Carl Harrison, from Ontario, has been appointed Vice-Chairman of the Canadian Dairy Commission (CDC) while Jean Grégoire, from Québec, will take the position of Commissioner. . . . Continue or visitors click here


Asahi to Double Low-Alcohol Drink Output

TOKYO - May 13/04 - SNS -- Asahi Breweries Ltd. plans to double its annual production capacity for its low alcohol fruit flavored beverage to 29 million, six liter cases per year. . . . Continue or visitors click here


Heartland Pork Sale Approved

REGINA - May 14/04 - SNS -- The sale of substantially all assets of Heartland Pork Management Services and seven related hog operations to Sterling Pork Farm, a subsidiary of Stomp Pork Farm Ltd was approved by the Saskatchewan Court of Queen's Bench. . . . Continue or visitors click here


SWP-GSU Agreement

REGINA - May 17/04 - SNS -- The Saskatchewan Wheat Pool (SWP and the Grain Services Union (GSU) reached a three-year contract with runs through January 31, 2006. . . . Continue or visitors click here


Bunge, Estron Building Ukraine Oilseed Plant

WHITE PLAINS - May 17/04 - SNS -- Bunge Europe and Estron Corporation will build an oilseed crushing plant in the port of Ilyichevsk, Ukraine in a 50-50 joint venture. . . . Continue or visitors click here


Ag Growth IPO Completed

ROSENORT - May 18/04 - SNS -- Portable grain handling equipment maker Ag Growth Income Fund and Ag Growth Industries Inc. have completed their initial public offering of 6,904,000 trust units of the Fund at $10 per trust unit, for total gross proceeds of $69,040,000. . . . Continue or visitors click here


Ag Growth IPO Completed

ROSENORT - May 18/04 - SNS -- Portable grain handling equipment maker Ag Growth Income Fund and Ag Growth Industries Inc. have completed their initial public offering of 6,904,000 trust units of the Fund at $10 per trust unit, for total gross proceeds of $69,040,000. . . . Continue or visitors click here


Bunge Opens Port Facility in Turkey

WHITE PLAINS - May 21/94 - SNS -- Bunge Limited officially opened its port in Derince, a deepwater harbor located in Izmit Bay, Turkey. . . . Continue or visitors click here


ABB Grain Ltd Reports Six-Month Profit

SYDNEY - May 24/04 - SNS -- The Australian barley marketing board, ABB Grain Ltd, reported an after tax profit of A$12.439 million for the six months ending 31 March 2004. . . . Continue or visitors click here


Heinz Reports $196.5 Million Fourth

PITTSBURGH May 25/04 - SNS -- H.J. Heinz Company reported net income of $196.5 million, or $0.55 per diluted share, for its fourth quarter ended April 28, 2004. . . . Continue or visitors click here


AWB Reports $54.1 Million Profit

SYDNEY - May 26/04 - SNS -- The Australian Wheat Board ( AWB Limited) reported an after-tax profit of $54.1 million for the six months ending 31 March 2004. . . . Continue or visitors click here


FCC Planning Awards Granted

SASKATOON - May 26/04 - SNS -- Eight University of Saskatchewan graduates won this year's Farm Credit Canada Business Planning Awards. . . . Continue or visitors click here


DuPont, Tate & Lyle Joint Venture

WILMINGTON - May 26/04 - SNS -- DuPont and Tate & Lyle PLC have created a company which will create products from renewable resources such as corn for numerous applications including clothing, interiors, engineered polymers and textile fibers. . . . Continue or visitors click here


ADM-Risoil Joint Venture

DECATUR - May 26/04 - SNS -- ADM Nederland B.V. and Risoil S.A. jointly created Illitchvskiy Maslo Extractionniy Zavod (IMEZ), with each company taking a 50% share. . . . Continue or visitors click here


Bunge Share Offering

WHITE PLAINS May 26/04 - SNS -- Bunge Limited is making a public offering of 8,500,000 of its common shares at a price of $35.20 per share. . . . Continue or visitors click here


Bunge Raises Dividend

WHITE PLAINS - May 28/04 - SNS -- Bunge Limited will pay a quarterly dividend of $0.13 per share, up from $0.11 the previous quarter. . . . Continue or visitors click here



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