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Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Thu Mar 7, 2013 01:08 PM CST

The first potential merger in the wheat milling industry in more than 10 years was announced on Tuesday in the United States. It's a big, bold move and will undoubtedly have a profound impact on the North American industry.

The announcement involved the merger of Horizon Milling, which consists of the merged operations of Cargill and CHS, and ConAgra Mills, to form Ardent Milling. The combined operations will control one-third of the United States industry, while their combined revenues as indicated on their respective 2012 year-ends totaled $4.3 billion. The end result of the proposed merger will be a corporation ...

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