DataRoom AM: GrainCorp growing pains

Coalition tensions over the GrainCorp takeover intensify, while Saputo’s on the front foot (for now) in the race for WCB.

A bubbling rumour that Prime Minister Tony Abbott could push the Treasurer towards opposing Archer Daniels Midland’s bid for GrainCorp has investors worried. If the speculation proves accurate, however, the prime minister and his government have their own problems – not least of which is the “open for business” tagline that would be shown up as a rather empty slogan.

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