Deals
ADM Said to Near $3.4 Billion Deal to Buy Wild Flavors
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Archer-Daniels-Midland Co. is nearing an agreement to buy Wild Flavors GmbH, a maker of natural food ingredients backed by KKR & Co., for about 2.5 billion euros ($3.4 billion), people familiar with the matter said.
ADM outbid Japanese rival Ajinomoto Co. for the privately owned maker of the Capri Sun juice drink and natural flavorings for beverage and food, the people said, asking not to be named as the matter isn’t public. While a deal may get announced in coming days, a final decision hasn’t been made, they said.