Farms.com Home   Ag Industry News

Archer Daniels Offers GrainCorp an Increased Buyout Offer by 4 Percent

Archer Daniels Puts Forward an Attractive Revised Bid for GrainCorp

By , Farms.com

Archer Daniels Midland Co. (ADM) announced Monday that it is increasing its buyout offer by 4 percent for the Australian grain handler, GrainCorp Ltd. ADM made its initial acquisition bid in October of this year.

The raised offer would have ADM pay $2.33 billion to buy the rest of the company - ADM already owns 19.9 percent of GrainCorp. The revised offer is now offering GrainCorp stockholders 12.20 Australian dollars, which equates to $12.73 CDN per share. ADM has previously offered 11.75 Austrian dollars which works out to be $12.13 CDN per share.

The offer that’s on the table is subject to GrainCorp providing ADM access to its books and a recommendation from GrainCorp’s board.


Trending Video

Clinton Monchuk: Connecting Farmers & Consumers

Video: Clinton Monchuk: Connecting Farmers & Consumers

In this episode of The Swine it Podcast Show Canada, Clinton Monchuk, Executive Director at Farm & Food Care Saskatchewan, discusses consumer perceptions of the food industry and their impact on Canadian agriculture. He highlights the growing disconnect between consumers and farming practices, emphasizing the importance of transparency, education, and initiatives like the Canadian Food Focus. Tune in to gain practical insights into how these efforts are building trust and shaping the future of the Canadian swine industry.