ADM gets second takeover rejection from GrainCorp
summary：GrainCorp has snuffed Archer Daniels Midland's (ADM second, higher takeover bid saying that it still “materially undervalues” the business....
GrainCorp has snuffed Archer Daniels Midland's (ADM) second, higher takeover bid saying that it still “materially undervalues” the business.The US crop processor submitted its second, higher A$2.81bn ($2.9bn) bid on December 3 after its initial A$2.7bn ($2.8bn) submission on October 19 was rejected.
Today, GrainCorp rejected this sweetened offer.
► Read the full article