Jenner & Block

Partners Joe Gromacki and Mercedes Hill Featured in Article about ADM Deals

Jenner & Block Partners Joseph P. Gromacki and Mercedes M. Hill are featured in an article in Finance Monthly about two recent transactions for Archer Daniels Midland.  Titled “ADM Sells Global Cocoa Business to Olam,” the “Deal of the Month” feature explains that the firm represented ADM both in the US$1.3 billion sale of the cocoa business to Singapore-based Olam International Limited and the US$440 million sale of its global chocolate business to Cargill.  Joe is quoted as saying that “we were extremely honored to have the opportunity to represent ADM in these transactions.”  Mercedes tells Finance Monthly that while the two deals had similar components, there were some differences, mainly in respect to the products being sold by the businesses – “chocolate selling more finished goods and cocoa selling more raw materials.”