ADM Announces $1 Billion Accelerated Share Repurchase Agreement
ADMADM(ADM) Businesswire·2024-03-13 19:00

CHICAGO--(BUSINESS WIRE)--ADM (NYSE: ADM) today announced that it has entered into an accelerated share repurchase (ASR) agreement with delayed share delivery with Merrill Lynch International, an affiliate of BofA Securities, Inc., to repurchase 1billionofADMscommonstock.Wefinished2023withstrongmomentumintermsofreturningcashtoourshareholders,andwewillcontinuetoprioritizeshareholdersinourcashdeploymentin2024,BoardChairandCEOJuanLucianosaid.Afterrepurchasing1 billion of ADM’s common stock. “We finished 2023 with strong momentum in terms of returning cash to our shareholders, and we will continue to prioritize shareholders in our cash deployment in 2024,” Board Chair and CEO Juan Luciano said. “After repurchasing 1.5 ...