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ADM closes on flavor company purchase amid accounting probe

FILE PHOTO: The Archer Daniels Midland Co. (ADM) logo is displayed on a screen on the floor of the NYSE in New York CHICAGO (Reuters) - Global grains merchant… ....

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ADM closes on flavor company purchase amid accounting probe

ADM closes on flavor company purchase amid accounting probe
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United States , United Kingdom , Vikram Luthar , David Gregorio , Fuerst Day Lawson Ltd , Co On , Exchange Commission , Chief Financial Offer Vikram Luthar , Revela Foods ,

ADM closes on flavor company purchase amid accounting probe

Global grains merchant
Archer-Daniels-Midland Co on Wednesday closed on its
purchase of Fuerst Day Lawson Ltd , a U.K.-based company
that develops flavors and produces specialty ingredients. ....

United Kingdom , United States , Vikram Luthar , David Gregorio , Co On , Fuerst Day Lawson Ltd , Exchange Commission , Chief Financial Offer Vikram Luthar , Revela Foods ,

ADM closes on flavor company purchase amid accounting probe

Global grains merchant Archer-Daniels-Midland Co on Wednesday closed on its purchase of Fuerst Day Lawson Ltd (FDL), a U.K.-based company that develops flavors and produces specialty ingredients for food-service customers in Europe, an ADM spokesperson told Reuters. The deal, announced in December, is the latest move by ADM to expand its Nutrition segment, the same unit that is under scrutiny as the 122-year-old company faces a government inquiry and internal investigation. Shares of ADM last week plunged to their biggest daily drop since 1929, after Chief Financial Offer Vikram Luthar was placed on administrative leave and the company brought in outside lawyers to investigate accounting practices at its Nutrition segment. ....

United Kingdom , United States , David Gregorio , Vikram Luthar , Exchange Commission , Fuerst Day Lawson Ltd , Co On , Chief Financial Offer Vikram Luthar , Revela Foods ,