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GrainCorp Ltd Enters Into Takeover Bid Implementation Deed With Archer Daniels Midland Company


Thursday, 25 Apr 2013 07:20pm EDT 

GrainCorp Ltd announced that it has entered into a takeover bid implementation deed (Implementation Deed) with Archer Daniels Midland Company (ADM) under which ADM, subject to the satisfactory completion of limited confirmatory due diligence, will make an off-market takeover offer to acquire all the outstanding shares in GrainCorp not already held by ADM (ADM Offer). If the ADM Offer proceeds, and is successfully completed, shareholders will receive AUD 13.20 per share, comprising a cash payment ofAUD 12.20 per share under the ADM Offer and dividends totaling AUD 1.00 per share. 

Company Quote

53.42
0.31 +0.58%
26 Dec 2014