ADM firm on GrainCorp price

Renewed lobbying effort unlikely to involve sweetening GrainCorp bid.

A renewed lobbying effort by United States agribusiness giant Archer Daniels Midland (ADM) to win support for its contentious $3 billion bid for GrainCorp (GNC) is unlikely to involve a sweetening of the offer price, according to The Australian Financial Review.

ADM grain group president Ian Pinner arrived in Australia to make a fresh push after the company laid low during the federal election campaign.

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