ADM-ACTI/INTRADE COMMODITY TRADE DEAL CLEARED.

The European Commission approved on November 12 an international merger in the agricultural commodities sector leaving Archer Daniels Midland Company (ADM) free to acquire joint control of Alfred C. Toepfer International GmbH (ACTI) and InTrade N.V. The Commission's investigation showed that in the markets where the companies' business overlaps, a significant number of competitors exist. This is particularly so in the crude seed oil and oilseed meal markets. Therefore the acquisition will not create or strengthen a dominant position.ADM is a US company internationally active in marketing, processing and distributing agricultural commodities and products, while ACTI is not involved in agricultural raw material processing, but has international trading and wholesale activities in these commodities. InTrade, whose shareholders are 12 agricultural...