BREAKFAST DEALS: Coy on GrainCorp

GrainCorp's suitor ADM won't reveal if or when it will up its offer, while Qantas' Emirates tie-up gets a boost.

GrainCorp’s suitor Archer Daniels Midland is keeping tight lipped over when it’ll make its next move as its target heads towards its AGM on Thursday. Qantas Airway’s alliance with Emirates has received a tacit endorsement from the aviation industry’s largest body as the consumer watchdog prepares to rule on the proposal. Meanwhile, Woolworths has received words of assurance from Masters partner Lowe’s that it’s here to stay, Billabong is doing deals in India as US director Paul Naude searches for investors to take it private and Fairfax Media is finishing a rough year off on a good note.

GrainCorp, Archer Daniels Midland

Everyone’s wondering what US agribusiness giant Archer Daniels Midland will do with GrainCorp’s rejection of its improved $2.8 billion takeover offer. The other important question is when that decision is made.

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