May 6, 2019 / 8:36 AM / 20 days ago

Long-Term Asset Partners withdraws takeover bid for Australia's GrainCorp

May 6 (Reuters) - GrainCorp Ltd, Australia’s largest listed bulk grain handler, on Monday said that Long-Term Asset Partners had withdrawn its unsolicited A$2.38 billion ($1.66 billion) takeover bid for the company.

Long-Term Asset Partners had made an offer of A$10.42 per GrainCorp share in December 2018.

$1 = 1.4306 Australian dollars Reporting by Aditya Soni in BENGALURU; editing by Christian Schmollinger

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