date:Oct 24, 2012
Australia grain merchant GrainCorp is considering a AUS$2.77 billion (1.73 billion) offer from Archer Daniels Midland (ADM) to acquire the business.
US firm ADM already owns 14.9% of Australias largest grain merchant and the offer has been interpreted as an attempt by the worlds biggest processor of corn to drive growth in fast-growing Asian markets. Higher living standards and changing diets have increased demand for certain ingredients in many Asian countries.
GrainCorp is a well-managed c