GFM Network News

Australia’s GrainCorp knocks back ADM bid

Australia’s GrainCorp knocked back a US$2.8 billion takeover offer from Archer Daniel Midland (ADM) on Thursday, saying the bid undervalued the grains handler after a bumper harvest delivered a record annual net profit. The U.S. agricultural giant’s bid comes at a time of dramatic consolidation in the global grains sector amid intense competition to feed […] Read more