GrainCorp dips on talk of takeover block

After reports PM could block takeover, grain handler reaffirms ASX compliance, Labor urges decision on merit.

GrainCorp (GNC) has told the market it remains in compliance with its continuous disclosure obligations after its share price fell as speculation swirled that Prime Minister Tony Abbott could block a takeover bid.

At 1440 AEDT, GrainCorp shares fell 4.84% to $11.60 against a benchmark lift of 0.82%.


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