Sunday, October 21, 2012

UPDATE 1-Archer Daniels bids $2.8 bln for Graincorp

SYDNEY, Oct 22 (Reuters) - Archer Daniels Midland
has bid A$2.68 billion ($2.77 billion) for Australian rival
Graincorp, a 33 percent premium to the last traded
share price, as the U.S agriculture giant seeks to push ahead in
the global race for grains trading power.

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