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%.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

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

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles