ADM Statement on GrainCorp Acquisition Bid Rejection
Date Posted: November 15, 2012
Decatur, IL—Archer Daniels Midland Company (NYSE: ADM) spokesperson Jackie Anderson issued Nov. 15 the following statement:
“We note GrainCorp’s response today to our proposal.
"On Oct. 19, we approached GrainCorp’s board with a proposal that represented a significant premium to the prevailing GrainCorp share price at the time of our approach.
"We believe it remains an attractive proposal.”
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