NEW YORK (TheStreet) -- Shares of Archer Daniels Midland Company
(ADM - Get Report) are down -1.23% to $44.14 after the company announced "three significant actions in the company's ongoing portfolio management:
"An agreement to sell the company's South American fertilizer business, pursuit of the sale of the company's chocolate business, and the acquisition of the remaining stake of Alfred C. Toepfer International GmbH."
ADM said it signed an agreement to sell its fertilizer business in Brazil and Paraguay to The Mosaic Company (MOS) for $350 million.ADM Chairman and CEO Patricia A. Woertz said, "Each of these transactions will help ADM continue to improve returns and create shareholder value." STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts