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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (36961)	3/12/2010 3:32:30 PM
From: E_K_S	Read Replies (1) \| Respond to of 78751

RE: Archer Daniels Midland Company (ADM) Hi Paul - Also looking at ADM after your earlier post. Can't figure if the results of their $500 million debt tender offer went well. The market seems to think it was not too good as the stock has sold off 6% over the last two days. Here are the results posted for the tender with rates that vary from 57% tendered @ 6.45% (2038 maturity), 39% tendered @ 7% (2031 maturity) and 18% accepted 34% tendered 7.5% (2027). They accepted 100% of the long maturities and and only 18% of the shortest maturity (17 years). I am not too sure if they were able to buy these back at a discount but accepted everything with maturities longer than 20 years. What's your take? Should this affect earnings? finance.yahoo.com EKS