Washington - Archer Daniels Midland Co. said it raised its stake in IBP Inc. to 10.937 percent, or 10,124,300 common shares.
In an April 2 filing with the Securities and Exchange Commission, Archer Daniels, the Decatur, Ill., food giant said it purchased 432,900 shares of IBP from February 4 to March 31 at prices ranging from $20 to $23.250 per share.
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