ADM picks building to house new headquarters

Archer Daniels Midland Co. has announced it will occupy space in the building that once housed United Airlines when the agribusiness giant moves its headquarters to Chicago.

ADM will move about 100 employees this summer into the 46th and 47th floor of a 51-story building facing the Chicago River. An ADM spokeswoman says the building was chosen because "it offered the right amount of space in a good location with favorable terms."

ADM decided in December to set up its new international headquarters in Chicago despite failing to obtain millions of dollars in state tax breaks.

ADM plans to keep its North American headquarters and about 4,400 jobs in the central Illinois city of Decatur.

ADM processes corn, soybeans and other crops to make everything from animal feed to ethanol.