GrainCorp Says $3B Archer Daniels Buyout Bid Falls Short
In its October offer, Archer Daniels offered AU$11.75 per share in cash to GrainCorp investors, a roughly 33 percent premium over GrainCorp's close the day before the deal was announced. The Australian trader said the growth strategy it had in place would deliver bigger returns.
“The GrainCorp board has determined that the proposal materially undervalues GrainCorp and...
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