THE DISTILLERY: Well handled, GrainCorp

Jotters argue GrainCorp's latest results make the best takeover defence, while Qantas' share buyback is given the tick of approval.

GrainCorp is different from the majority of recent high profile takeover targets in recent times in one crucial sense. It’s not in trouble. Far from it, the company is going from strength to strength. Australia’s business commentators offer a lot of support this morning for chief executive Alison Watkins and her strategy to get as much value out of GrainCorp as possible.

The Australian’s Andrew White explains how the quality of the GrainCorp books is the best defence against any takeover.

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