UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) December 17, 2012

 

LOGO

 

 

ARCHER-DANIELS-MIDLAND COMPANY

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   1-44   41-0129150

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

4666 Faries Parkway

Decatur, Illinois

  62526
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (217) 424-5200

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 8.01. Other Events

On December 17, 2012, Archer-Daniels-Midland Company issued a press release announcing the disposition of its interest in Gruma S.A.B. de C.V. and related joint ventures.

 

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

The following exhibit is filed herewith:

 

99.1 Press Release dated December 17, 2012.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    ARCHER-DANIELS-MIDLAND COMPANY
Date: December 17, 2012     By   /s/ Ray G. Young
     

Ray G. Young

Senior Vice President and Chief Financial Officer


EXHIBIT INDEX

 

Number

  

Description

   Method of filing  
99.1    Press release dated December 17, 2012.      Filed electronically   

EXHIBIT 99.1

 

LOGO  

Archer Daniels Midland

 

4666 Faries Parkway

Decatur, Ill. 62526

ADM Sells Interests in Gruma and Related Investments

DECATUR, Ill., Dec. 17, 2012 – Archer Daniels Midland Company (NYSE: ADM) announced that it has sold its 23 percent interest in Gruma, S.A.B. de C.V. (“Gruma”) and its equity investments in related joint ventures for $450 million plus an additional contingent payment of up to $60 million.

“We are pleased that we were able to reach an agreement with Gruma,” said Ray G. Young, chief financial officer for ADM. “This sale is part of our ongoing portfolio management actions to redeploy capital into key strategic areas that will help drive higher returns in the future.”

Under the terms of the sale, ADM received $450 million up front and will also receive up to $60 million in future contingent payments over the next 42 months. The contingent payments are triggered based upon various conditions, including: the increase in Gruma’s stock market price, over the closing price of Gruma’s stock determined for purposes of the transaction, at the end of the 42 month period; the difference between the price of Gruma’s stock fixed for public offers made by Gruma and the closing price; the acquisition, by any strategic investor of Gruma, of 15 percent or more of Gruma’s capital stock; or the percentage of Gruma’s shares that are considered to be held by the public at any time.

While ADM has exited from its ownership position in Gruma and related investments, ADM expects to maintain a healthy and strong commercial relationship with Gruma globally. Bank of America Merrill Lynch was the financial adviser to ADM in the transaction.

About ADM

For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve vital needs. Today, 30,000 ADM employees around the globe convert oilseeds, corn, wheat and cocoa into products for food, animal feed, industrial and energy uses. With more than 270 processing plants, 420 crop procurement facilities, and the world’s premier crop transportation network, ADM helps connect the harvest to the home in more than 160 countries. For more information about ADM and its products, visit www.adm.com.

Archer Daniels Midland Company

Media Relations

Jackie Anderson

media@adm.com

217-424-5413