“U.S. agribusiness giant Archer Daniels Midland Co. (NYSE: ADM) this morning announced that it has increased its offer for Australian grain grower and marketer GrainCorp from AUS$11.75 (about US$12.25 at today’s exchange rate) to AUS$12.20 (about US$12.72). Current GrainCorp shareholders would be allowed also to keep the company’s dividend payment of AUS$0.35 that was announced on November 15.”
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