BREAKFAST DEALS: Grainy picture

The market appears to think ADM's offer for GrainCorp isn't enough, and CEO Pulse reveals Australian bosses' views on foreign investment.

The market has sent a clear signal to the GrainCorp board that $11.75 a share isn’t enough, not yet at least. The move by America’s ADM is causing much angst on the conservative side of politics, thanks to the Liberal-National Coalition – one can only imagine what will happen if a Chinese rival emerges. On cue, a Business Spectator survey taps Australian CEOs for their views on foreign investment, including Chinese investment in agricultural assets. Also this morning, Sundance Resources’ suitor wins in principle support from its Chinese lender, Lonestar Resources gets its backdoor Down Under listing after all and there’s yet more movement in the media sector.

GrainCorp, Archer Daniels Midlands


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

Related Articles