ADM raises bid for GrainCorp

Mon Dec 3, 2012 7:31am EST

Dec 3 (Reuters) - Archer Daniels Midland Co raised its takeover offer for Australia's GrainCorp Ltd to A$12.20 per share in cash, up from an earlier bid of A$11.75.

ADM said on Monday that it was ready to begin due diligence immediately.

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