date:May 06, 2013
ions are met or waived by Dec. 31, 2013.
Ms. Woertz said the weighted transaction cost, excluding synergies, represents a multiple of about 8.5 times the 2013 consensus EBITDA for GrainCorp. She said the multiple compares favorably with recent merger and acquisition transactions in the global ag space.
The acquisition is expected to be earnings accretive to ADM in the first full year, Ms. Woertz said, with run rate synergies of A$50 million to A$70 million by the end of year two.
Once we clos