GrainCorp Ltd

GrainCorp chief heads for Coke bottler after Australia rejects ADM takeover

GrainCorp Ltd chief executive Alison Watkins has resigned just days after the Australian government rejected a takeover offer from US agricultural giant Archer Daniels Midland Inc, and will head the Coca-Cola Amatil Ltd starting March.

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Aussie Treasurer Hockey to approve plans of ADM to increase stake in GrainCorp instead of a takeover

Both Archer-Daniels-Midland Co. and GrainCorp Ltd expressed their disappointment over the ruling of Australian Treasurer Joe Hockey regarding the US corn processor's takeover of one of the largest crop handlers in Australia.

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ADM sweetens bid for Australia's Graincorp

US-based Archer Daniels Midland Company has increased its offer for agricultural firm Graincorp Ltd by USD200 million to reinforce Australia's agricultural infrastructure through rail enhancement projects.

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Decision on Graincorp acquisition extended to December 17 - Australian Treasurer

Treasurer for Australia Joseph Hockey extended the time frame for Australian regulators including himself to decide whether the acquisition of GrainCorp Ltd by Archer Daniels Midland Co would go against the national interest.

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