News Headline Summary

ADM needs to lift its GrainCorp (GNC AT) offer to gain control, according to analysts at RBS, who add that GrainCorp could fetch AUD 13.97 - AUD 14.33/shr

Update details:

- GrainCorp have mounted a strong defence against ADM's USD 2.7bln takeover proposal by lifting its long-term earnings forecast most recently.
- GrainCorp said yesterday that ADM's offer undervalues the Co.

Print 22:25, 15 Nov 2012 - Asian News - Source: Newswires