ADM talks with MCP about acquisition

By | May 01, 2002
Both Archer Daniels Midland (ADM) and Minnesota Corn Processors, LLC (MCP) have confirmed that they have had preliminary talks about ADM acquiring MCP. If the discussions lead towards an agreement, the sale would be subject to a number of conditions, including satisfactory completion of due diligence and approval by MCP's board of directors, shareholders and appropriate regulatory agencies, the companies noted.