Farms.com Home   Ag Industry News

Archer Daniels Offers GrainCorp an Increased Buyout Offer by 4 Percent

Archer Daniels Puts Forward an Attractive Revised Bid for GrainCorp

By , Farms.com

Archer Daniels Midland Co. (ADM) announced Monday that it is increasing its buyout offer by 4 percent for the Australian grain handler, GrainCorp Ltd. ADM made its initial acquisition bid in October of this year.

The raised offer would have ADM pay $2.33 billion to buy the rest of the company - ADM already owns 19.9 percent of GrainCorp. The revised offer is now offering GrainCorp stockholders 12.20 Australian dollars, which equates to $12.73 CDN per share. ADM has previously offered 11.75 Austrian dollars which works out to be $12.13 CDN per share.

The offer that’s on the table is subject to GrainCorp providing ADM access to its books and a recommendation from GrainCorp’s board.


Trending Video

Harvesting Oats During A Wild Fire!

Video: Harvesting Oats During A Wild Fire!

Today is the start of the 2025 grain harvest. For us Oats are our first planted grains and first harvested, well before corn. Watch this massive John Deere combine and flex draper head pick up these down oats with ease. Thank you all for watching! Make sure to like and subscribe if you haven’t already.