USA: ADM says deal approved by Minnesota Corn shareholders
Agribusiness giant Archer Daniels Midland (ADM) can now go ahead with its planned US$396.2m buyout of ethanol sector rival Minnesota Corn Processors (MPC) after the firm's shareholders voted yesterday [Thursday] to approve the offer. MPC agreed in principal in July to a takeover, and ADM spokesman Larry Cunningham told Reuters yesterday [Thursday]: "They have had the vote and the required approval was exceeded."
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