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ADM buys ingredients company Wild Flavors for about $3 billion

July 7 (Reuters) - Archer Daniels Midland (ADM) said it is buying food flavors and specialty ingredients company Wild Flavors for 2.2 billion euros ($3 billion) in cash and will assume about 0.1 billion euros of net debt.

ADM said it will establish a new business unit called Wild Flavors and Specialty Ingredients and expects the deal to complete by the end of the year. ($1 = 0.7345 Euros)

(Reporting by Supriya Kurane in Bangalore; Editing by David Holmes)