ADM to acquire GrainCorp

Archer Daniels Midland Co. proceeds with takeover of Australian grain handler GrainCorp

By Amanda Brodhagen, Farms.com

Archer-Daniels-Midland Co. (ADM) announces on Monday that it plans to proceed with the purchase of Australian grain handler GrainCorp. Ltd. ADM said that it has completed successful due diligence and intends to make a cash offer of $3.4billion, to acquire outstanding common shares for $12.20 a share.

Chairman and Chief Executive Officer Patricia Woertz said that the offer is believed to offer strong value for both companies, noting that the acquisition fits well with ADM’s growth strategy.

The deal is subject to certain terms and conditions, but ADM has been told that the offer would be unanimously recommended by the GrainCorp board. Some of the conditions include – ADM receiving a minimum of 50.1% of GrainCorp shares. ADM already owns 19.8% of the shares.

Video: U.S. Trade War Returns, But New Tax Bill Sparks 2026 Optimism

Trump is threatening 50% tariffs on EU goods and 25% on non-U.S.-made iPhones by June 1. A stronger-than-expected U.S. tax bill could add 0.5% to GDP by 2026. Funds took profits in ag, rode a 20% rally in stocks, and are now rotating back into commodities. Wet U.S. weather holds through June 7, but hot/dry conditions may return to the Western Corn Belt later in June—raising weather scare concerns. AAFC forecasts 609,000 tonnes of canola feed, waste, and dockage. OPEC+ hints at more oil output, cattle on feed report was bullish, bitcoin hits new highs, and milk prices are up 20% in two months.