Menu
Business

Graincorp stocks soar after foreign takeover bid

STOCKS in Australian grain marketer Graincorp soared nearly 40% on Monday after a takeover bid was revealed from US giant Archer Daniels Midland.

The grain export company had been in a trading halt after ADM revealed it took over 14.9% of the Australian company through derivative equity deals earlier this month.

On Monday morning, Graincorp announced to the market it had received an official bid from ADM, sending traders into a rush buy on the company stock.

Have we gone too far in selling off the farm?

This poll ended on 21 October 2013.

Current Results

Yes

82%

No

18%

This is not a scientific poll. The results reflect only the opinions of those who chose to participate.

Topics:  foreign investment graincorp



Gig guide: what's on this weekend

GUITAR: Leigh James is playing the Riverview Hotel tomorrow from 2pm.

Make sure you catch some great live music this weekend.

Kingscliff Foreshore park upgrades power on

Construction of the Kingscliff's new Central Park is almost complete.

Council is yet to announce official opening.

Residents not happy with Aboriginal Cultural Heritage Plan

Public submissions to the Aboriginal Cultural Heritage Management Plan will close on Friday, January 19.

Public submissions close on Friday, January 19.

Local Partners