Will a higher GrainCorp offer germinate?

ADM is keen on GrainCorp, but the market is expecting more.

PORTFOLIO POINT: Archer Daniels Midland may have to put up more seed if it’s serious about winning control of GrainCorp.

The Illinois-based agricultural group Archer Daniels Midland stepped up its interest in GrainCorp during the week by upping its stake another 5% to 19.9%, just below the takeover threshold.

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