Archer Daniels Midland Board Boosts Buyback Program by 100 Million Shares

Dow Jones12-12

By Colin Kellaher

Archer Daniels Midland's board has approved the purchase of an additional 100 million shares as part of the grain trader's stock-buyback program.

ADM on Wednesday said the board also extended the program through the end of 2029, adding that there are now about 114.8 million shares available for repurchase.

The Chicago company currently has more than 478 million shares outstanding and sports a market capitalization of nearly $25 billion.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

December 11, 2024 11:55 ET (16:55 GMT)

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