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Wednesday, April 7, 2010 as of 11:14 AM ET

Patricia Woertz

Patricia Ann Woertz became CEO of Archer Daniels Midland in 2006, beating out 4 other competitors. Formerly an Executive Vice President at Chevron Corporation, Woertz left to pursue CEO opportunities.

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ADM Considered Buying Viterra, While Agrium Picks Up Assets

Archer Daniels Midland Co.

(ADM) said Tuesday it had looked at buying Canadian grain-handler Viterra Inc. (VT.T), but viewed the asking price as too rich despite identifying "substantial synergies."Glencore International PLC (GLEN.LN) announced an agreed bid of C$6.1 billion (US$6.2 billion) for Viterra Tuesday following a two-week sale process that attracted interest from many of the world's largest agribusiness and commodity trading concerns, according to people familiar with the process.The interest was sparked by deregulation in the Canadian agribusiness sector with the ending of a 70-year-old government monopoly over the wheat trade, as well as a gradual shift in the focus of grain production northwards because of long-term drought conditions in parts of the U.S..Pat Woertz, ADM's chief executive, said in a statement that the company didn't submit a final bid."We determined that at the valuation level we anticipated to be competitive, which has been confirmed by the announced deal...

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  2. Factbox: Top global oil and commodities traders

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  3. ADM profit tops Street view on improved margins

    By Karl PlumeCHICAGO (Reuters) - U.S. agricultural processor Archer Daniels Midland posted stronger-than-expected quarterly earnings on Tuesday as improving demand a...

  1. Archer Daniels Streamlines Units; Vice Chairman Rice To Retire

    (Updated throughout to add several management appointments and retirements.)DOW JONES NEWSWIRESArcher Daniels Midland Co. (ADM) plans to reorganize some of its busin...

  2. ADM Closing North Dakota Ethanol Plant, Citing Location

    DOW JONES NEWSWIRESArcher Daniels Midland Co. (ADM) will close a North Dakota ethanol plant in April, the company said Monday.ADM is closing the plant, in Walhalla, ...

  3. Archer Daniels Midland's 2Q Earnings Fall Sharply

    Archer Daniels Midland Co.'s (ADM) fiscal second-quarter earnings fell sharply on weakness at its grain-processing and trading businesses and a charge from the shutt...

  4. Archer Daniels Midland 2Q Net Down 89% On Writedown, Oilseed Margins

    DOW JONES NEWSWIRESArcher Daniels Midland Co.'s (ADM) fiscal second-quarter earnings plummeted 89% as the agribusiness giant posted a large writedown related to an I...

  5. Archer Daniels Midland Profit Down Sharply

    Archer Daniels Midland Co. said Tuesday its second-quarter profit fell to $80 million, or 12 cents a share, from $732 million, or $1.14 a share, in the year-ago peri...

  6. Archer Daniels Midland To Cut 1,000 Jobs

    Archer Daniels Midland said Wednesday that it will slash about 1,000 jobs, or roughly 3% of its total workforce, in an effort to cut costs and boost profit. Most of ...

  7. Archer Daniels Profit Disappoints Street on Corn Costs

    Hurt by corn costs that nearly doubled, Archer Daniels Midland (NYSE:ADM) widely missed analyst estimates in the third quarter but said it sees margins modestly impr...

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