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Archer Daniels Midland Co. (ADM) Friday said its $1.15 billion of convertible senior notes due 2014 were priced at an initial conversion rate of 22.8343 shares per $1,000 principal amount. The Decatur, Ill., bioenergy company expects total net proceeds of about $1.134 billion, which it plans to use in part to repurchase about $370 million common shares. The company also expects to use $299 million of proceeds to fund convertible note hedge transactions. Any remaining proceeds will be used for working capital and general corporate purposes. |
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| aus der Diskussion: | Lohnt sich ein Investment in Archer-Daniels-Midland Co. zum jetzigen Zeitpunkt noch? |
| Autor (Datum des Eintrages): | vendaro (16.02.07 18:48:14) |
| Beitrag: | 50 von 186 (ID:27756020) |
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