GrainCorp is expected to release a good set of numbers today, but it’s the case against engaging with Archer Daniels Midland at $2.7 billion that everyone is interested in. In aviation, Emirates has had a big crack at the Qantas critics, while words are flying about a second Sydney airport. Meanwhile, Gina Rinehart is reportedly starting financing discussions within days, Fortescue Metals Group isn’t giving much away about potential infrastructure stake sales and, at long last, APA Group is in compulsory acquisition territory with Hastings Diversified Utilities Fund.
GrainCorp, Archer Daniels Midland
All eyes will be on GrainCorp today to see if chairman Don Taylor will give us some details on why US agribusiness giant Archer Daniels Midland was knocked back at $11.75 a share.