Australia’s Graincorp Receives Sweetened Bid Offer From US Giant ADM, But Still Not Convinced to Turn Over Tables

By International Business Times,  December 03, 2012, 11:38:15 PM EDT

U.S. agribusiness giant Archer Daniels Midland Co ( ADM ) may have upped its takeover bid into GrainCorp Ltd., Australia's largest listed grain trader, as well as bought an additional 5 per cent of the company, but Australia's last standing independent grains handler remain unconvinced it should sell itself to its present persistent suitor.

In a note to clients, Belinda Moore, analyst from RBS Morgan, said the sweetened bid was still not enough to entice GrainCorp.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: ADM



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