Deals
ADM Is Said to Consider Selling Futures Clearing Arm
Photographer: Daniel Acker/Bloomberg
This article is for subscribers only.
Archer-Daniels-Midland Co. is exploring a sale of its futures brokerage arm, as the company weighs divestitures to slash costs, according to people familiar with the matter.
The commodities trading and food-processing conglomerate is working with a financial adviser to seek a buyer for ADM Investor Services Inc., or ADMIS, said the people, who asked to not be identified because the details aren’t public.