Archer Daniels Midland Company (ADM) Rumored to Buy Out Wild Flavors

Caroline Hyde, the European Business Correspondent on Bloomberg TV, in her report, has mentioned that food processing major Archer Daniels Midland Company (NYSE:ADM), is close to buy out privately held Swiss natural drinks manufacturer Wild Flavours in a deal which is purported to be costing the Decatur, IL based firm close to $3.4 billion.

Archer Daniels Midland Company (NYSE:ADM)

Wild Flavours is the world’s sixth largest “naturally sourced flavours” provider and generated a little over $838 million in revenue last year. Over the years, this firm has produced such house hold brands  like the “Capri Sun” its popular orange juice product sold in a pouches and had way back in the 60’s co-opted boxing legend Mohamed Ali to endorse its products.

Hyde went on to report that a public announcement to the effect is imminent from Archer Daniels Midland Company (NYSE:ADM) over the next few days, by quoting her unnamed sources within the company. Archer Daniels Midland Company (NYSE:ADM) is attempting to buy out the majority stake that Mr. Hans Peter Wild, (aged 70 years and son of the company founder) holds in Wild Flavours.

Bloomberg TV also reported that Archer Daniels Midland Company (NYSE:ADM) prevailed over stiff bidding competition from the likes of Japanese firm Ajinomoto Co, Inc. to emerge victories in its bid to own this 83 year old company, which traces its origin to founder Rudolf Wild of Germany and boasts of its products being marketed in 30 countries spread across the globe.

Caroline Hyde, while presenting her analysis of the 2.5 billion Euro deal went on to state that, Archer Daniels Midland Company (NYSE:ADM) is attempting to tap into the growing demand worldwide for natural flavoured drinks among customers. “ The deal is all about getting into fruit juices, all the fads that we are seeing,” she said.


Disclosure: none

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!