Meat Industry INSIGHTS Newsletter

980403 IBP Inc Stake Raised By Archer Daniels

April 6, 1998

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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