Disagree, they should take a pass on this deal. Note that nobody else stepped up to be a white knight; it's way over valued at ADM's current bid. ADM capital and talent can be far better utilized in other regions of the globe.
Nice to see they would walk away if its too pricey. adm has other options at any given time, and i dont think the market appreciates how adm continues to grow by acquistion and joint venture etc. Of course long term the market will one day wake up and see adm has been quietly preparing for the futue. Like Australia and like Brazil even more for adm to grow in by acquistion, joint venture or new venture. glta
I like to follow agt. to in Canada its almost insignificant when compared to the likes of adm, but their thesis of more protein from legumes makes sense. thought at one time adm might pick it up but realize its probably too small. adm is going to pick its growth areas but i agree for the time being they should stick to core business. long term perhaps 10 years out adm might want to become a big player in platform chemicals from crops, but its going to take much higher oil prices to drive that.