date:Oct 24, 2012
ompany, and together with ADM would be better positioned to connect Australias farmers with growing global demand for crops and food, particularly in Asia and the Middle East, Patricia Woertz, ADMs chief executive toldThe Financial Times.
Should GrainCorp receive a proposal from ADM, the board will review the proposal as well as other options to maximise value, said a statement from GrainCorp.
The proposed acquisition would diversify ADMs business the firm currently earns 50% of its income