Patient Graincorp reaps a bumper harvest

Graincorp's decision to hold out on earlier Archer Daniels Midland bids means shareholders are now likely to receive over $14 in value from a highly strategic takeover.

Last year’s repeated but polite rejections of Archer Daniels Midland’s overtures by the Graincorp board have been vindicated by the $3 billion agreed offer the companies announced today.


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