Archer Daniels Midland Co. (ADM) Wednesday said it intends to make a cash offer to acquire GrainCorp Ltd. for A$12.20 per share. The offer indicates a transaction value of about A$3.4 billion. The company said it has completed due diligence.
"We believe the offer delivers strong value for both companies' shareholders," said ADM Chairman and CEO Patricia Woertz. "The acquisition fits well with our growth strategy and will meet our return objectives."
As part of the deal, GrainCorp will pay its shareholders dividends of A$1.00 per share before completing the deal.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.