The sale produced an after tax gain of $93m ADM said. The gain will be included in its fiscal 2005 3rd quarter results ending March 31, 2005. Tate and Lyle reported the share sale last week.
US agribusiness giant Archer Daniels Midland Company has reported that it made $271m from its sale of 27.9 million shares in UK sugar and sweetener firm Tate & Lyle.
The sale produced an after tax gain of $93m ADM said. The gain will be included in its fiscal 2005 3rd quarter results ending March 31, 2005. Tate and Lyle reported the share sale last week.
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