date:May 06, 2013
Following the completion of due diligence, Archer Daniels Midland Co. on May 1 said it will offer A$12.20 ($12.54) per share to acquire GrainCorp Ltd., for a total transaction value of approximately A$3.4 billion ($3.5 billion).
Patricia Woertz, chairman and chief executive officer of ADM, said during a May 1 conference call to discuss first-quarter financial results that the acquisition fits well with our growth strategy, meets our financial objectives, and provides an excellent platform to se