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

Evolution of Beef Cattle Farming

Video: Evolution of Beef Cattle Farming

The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.