Making hay from Graincorp

With takeover interest in Graincorp having waned, it may be time to reduce holdings.

I recommended this company as a takeover target a long time ago, and before it had received a takeover bid I listed it as one of the most prospective stocks (Our top 10 takeover targets revealed). Archer Daniels Midland then came in late last year (see Graincorp harvest could get better) and made two bids for the company, with the second at $12.20 a share rejected. In the quiet that’s followed I feel it may be time to reduce holdings.


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