After a turbulent 2024, mainly due to accounting issues abroad that affected the value of its shares, Archer Daniels (ADM) decided to clean up its portfolio, including part of its operation in Brazil, NeoFeed’s Carlos Sambrana reports. According to the publication, the company hired Barclays’ (BCS) to find buyers for its pet food unit in that country. The valuation is expected to be between R$1B and R$1.5B.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADM:
- Archer Daniels Midland Announces Leadership Changes in 2025
- Archer Daniels appoints Carrie Nichol as chief accounting officer
- Archer Daniels price target lowered to $50 from $56 at Barclays
- M&A News: Canada Greenlights Crop Trader Bunge (NYSE:BG) and Viterra Merger
- Archer Daniels cut to Underperform at BofA on ‘soured’ profitability outlook