Gruma (NYSE:GMK) Sings $450 Million Pact to Buyback Stake from Archer Daniels Midland (ADM) – GMK, ADM, TSN, GMCR

Gruma S.A.B. de C.V. (ADR) (NYSE:GMK), based in Mexico, reported on Friday that it acquired the stakes in Gruma and several of its units held by commodities fears Archer Daniels Midland Company (NYSE:ADM) for $450 million.

Mexican corn flour and Tortilla Company reported that the verdict to repurchase the stake followed an effort by Mexican businessman Fernando Chico Pardo to purchase ADM’s stake in Gruma. ADM had made a tentative deal prior current year to vend to Mr. Chico Pardo.

Archer Daniels Midland put the stake up for sale as it looks for money for an offer to acquire Australia’s Graincorp Ltd (ASX:GNC).

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Archer Daniels Midland Company (NYSE:ADM) fell -0.22% to settle at $27.09, Tyson Foods, Inc. (NYSE:TSN) moved up +0.26% to end at $19.65 while Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) jumped +0.67% to finish at $40.32 on Friday.

Gruma S.A.B. de C.V. (ADR) (NYSE:GMK) on Dec 14, 2012 increased +1.17% to the closing price of $12.15. The overall volume in the last trading session was 3,400 shares. Its fifty two weeks range was $7.25 – $12.94. The total market capitalization remained at $1.71 billion.

GMK is ahead of its 52-week low with 67.59% and lagging behind from its 52-week high price with -6.11%. GMK’s last month’s stock price volatility remained 2.52%. In its share capital GMK has 140.91 million outstanding shares, among them 37.61 million shares have been floated in market exchange. GMK’s stock’s institutional ownership remained 0.78%.

The stock price of GMK is moving forward from its 20 days moving average with 4.99% and remote positively from 50 days moving average with 5.13%. GMK’s current quarter performance remained at 11.67%. Company’s beta coefficient included 2.67. Beta factors measure the amount of market risk associated with market trade.

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