BREAKFAST DEALS: GrainCorp inspection

GrainCorp appoints an independent expert to scrutinise Archer Daniels Midland's bid, while the timing of Brockman's Fortescue play seems no coincidence.

GrainCorp has named the independent expert that will be in charge of determining whether Archer Daniels Midland’s $3 billion offer is ‘fair and reasonable’. Brockman Resources has sought rail access from Fortescue Metals Group, which says a lot about the third force’s infrastructure stake sale and the dwindling chances of a Pilbara rail line for the little guys. Meanwhile, the New Zealand government is looking at an even bigger float than Mighty River Power and Nine Entertainment wonders whether to let the next cricket rights go through to the keeper.

GrainCorp, Archer Daniels Midland

GrainCorp has appointed Grant Samuel as its independent expert to look at the $3 billion takeover offer from US giant Archer Daniels Midland.

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