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Corporate market news for Apr 2004


EU Clears Cargill Purchase of BCA

BRUSSELS - Apr 1/04 - SNS -- The European Commission has approved Cargill Plc's proposed purchase of the United Kingdom's BCA. The transaction involved a change from joint to sole control of BCA, currently a 50/50 joint venture between Cargill and SCB Holdings (Sandy) Ltd (Banks). . . . Continue or visitors click here


Smithfield Selling Schneiders

SMITHFIELD - Apr 1/04 - SNS -- Smithfield Foods, Inc. has received regulatory approval to sell Schneider Corporation to Maple Leaf Foods, Inc. . . . Continue or visitors click here


Group Danone, Arcor Merge Biscuit Business

BRUSSELS - Apr 2/04 - SNS -- Groupe Danone and Argentina's Arcor Group plan to merge their biscuits activities in South America. . . . Continue or visitors click here


Maple Leaf Completes Schneider Deal

TORONTO - Apr 6/04 - SNS -- Maple Leaf Foods, Inc. has completed its purchase of the Schneider Corporation from Smithfield Foods, Inc. . . . Continue or visitors click here


Grain Inspection Committee Members Named

WASHINGTON - Apr 7/04 - SNS -- Six members and five alternate members have been named to serve on the USDA's Grain Inspection Advisory Committee. The appointees will serve 3-year terms. . . . Continue or visitors click here


Cargill Reports 7% Earnings Growth

MINNEAPOLIS - Apr 13/04 - SNS -- Cargill reported third quarter earnings of $259 million for the period ending February 29, up 7% from the $243 million earned during the same period last year. . . . Continue or visitors click here


Heartland Pork Seeks Bankruptcy Protection

REGINA - Apr 13/04 - SNS -- Heartland Pork Management Services, together with three wholly owned hog operations, are seeking temporary bankruptcy protection under the Companies' Creditors Arrangement Act (CCAA), according to the Saskatchewan Wheat Pool. . . . Continue or visitors click here


Andersons Announce Dividend

MAUMEE - Apr 15/04 - SNS -- The Andersons, Inc. announced a cash dividend of 7-1/2 cents per share, payable April 22, 2004, to shareholders of record on April 1, 2004. There are approximately 7.2 million common shares outstanding. . . . Continue or visitors click here


ADM Buys Farmland Elevators

KANSAS CITY - Apr 15/04 - SNS -- U.S. Bankruptcy Judge Jerry Venters approved the sale of several Farmland Industries grain elevators to Archer Daniels Midland Co. for U.S. $7.5 million and ADM's agreement to assume liabilities on the facilities of between $17 and $18 million. . . . Continue or visitors click here


MGEX Boosts Margin Requirements

MINNEAPOLIS - Apr 21/04 - SNS -- The Minneapolis Grain Exchange (MGEX) increased margin requirements for spring wheat contracts and hard winter wheat index contracts effective April 21, 2004. . . . Continue or visitors click here


Agricore United Helps Foodgrains Bank

WINNIPEG - Apr 21/04 - SNS -- Agricore United is donating CDN $50,000 worth of planting seed to the Canadian Foodgrains Bank (CFGB) to help community growing projects across Western Canada in 2004. . . . Continue or visitors click here


HaukEness Elected to SWP Board

REGINA - Apr 23/04 - SNS -- Leonard Haukeness of Estevan was elected to Saskatchewan Wheat Pool's Board of Directors today. . . . Continue or visitors click here


MLA Sells VIAscan to SASTEK

SYDNEY - Apr 23/04 - SNS -- Meat and Livestock Australia (MLA) sold its VIAscan technology to Brisbane-based company SASTEK. . . . Continue or visitors click here


Bunge Reports $70 Million Profit

WHITE PLAINS - Apr 29/04 - SNS -- Bunge Limited reported a net profit of $70 on sales of $5,739 million during its first quarter ending March 31. . . . Continue or visitors click here


ADM Profits Nearly Double

DECATUR - Apr 30/04 - SNS -- Archer Daniels Midland (ADM) reported a massive increase in net earnings for the company's third quarter ending March 31. . . . Continue or visitors click here



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