date:Oct 22, 2012
to win the deal, Ms Woertz said that a GrainCorp acquisition would meet ADM's key financial hurdles.
GrainCorp said that any proposal from ADM would be reviewed as well as other options to maximise value for GrainCorp shareholders.
Deal spree
ADM's move revives a merger wave in the sector which has this year seen Marubeni purchase US-based Gavilon for $5.3bn, besides Viterra's $6.1bn acquisition by Glencore.
It also puts ADM on the long list of foreign groups, including US-based Cargill, Jap