ADM has no update on potential sale of cocoa business, CEO says

Reuters

CHICAGO, Oct 29 (Reuters) - Archer Daniels Midland Co said on Tuesday it had no update for investors about apotential sale of its cocoa business.

"We don't have any news to report this quarter," ADM ChiefExecutive Patricia Woertz told analysts on an earnings call.

Cargill is in the final stages of a deal to buy ADM's cocoabusiness, sources familiar with the discussions have said.

ADM started looking for potential suitors for the cocoabusiness late last year, sources have told Reuters, and thecompany announced it was in discussions about a possible sale inJune.

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