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Ready money, one of the best of friends, could prove handy in a month or so for Downstate commodity-processing giant Archer Daniels Midland Co. Reports surfaced last week that Decatur-based ADM and a couple of top executives will be indicted in September on federal price-fixing charges in the global lysine feed-additive market.
After more than a year’s Chicago federal grand jury investigation, the case could be settled out of court.
A plea agreement would keep the executives, including the son of ADM Chairman Dwayne Andreas, from facing a prison sentence while the company would pay hundreds of millions of dollars in fines. With $1 billion or more in cash and Treasury securities available, ADM is the very picture of deep pockets.
