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
- 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.
22:25, 15 Nov 2012 -
Subscribe Now to RANsquawk
Click here for a 1 week free trial
RANsquawk provides audio news and commentary for over 15,000
professional traders and brokers worldwide. Services include:
Real-time audio coverage from 0630 to 2130 London time
Teams of analysts covering equities, fixed income, FX and energy markets
Real-time scrolling news service
Daily and weekly pre-market research and calendars
Intra-day market update videos
Daily technical analysis