Graincorp stocks soar after foreign takeover bid

STOCKS in Australian grain marketer Graincorp soared nearly 40% on Monday after a takeover bid was revealed from US giant Archer Daniels Midland.

The grain export company had been in a trading halt after ADM revealed it took over 14.9% of the Australian company through derivative equity deals earlier this month.

On Monday morning, Graincorp announced to the market it had received an official bid from ADM, sending traders into a rush buy on the company stock.

Have we gone too far in selling off the farm?

This poll ended on 21 October 2013.

Current Results

Yes

82%

No

18%

This is not a scientific poll. The results reflect only the opinions of those who chose to participate.


Contractor laws provide protection for hort industry

Contractor laws provide protection for hort industry

Horticulture industry supportive of positive environment for workers

Council funding boost for indigenous dance troupe

Council funding boost for indigenous dance troupe

The $4000 grant will be put to good use

Car crashes through shop-front

Car crashes through shop-front

The incident occurred overnight.

Local Partners