Graincorp (GNC) have recommended the take over offer from Archer Daniels at $13.20 a share. Management are holding a breifing for investors this morning at 11:30 to go through the updated target statement. Grant Samuel has declared the offer Fair and Reasonable and in the absence of a superior offer it looks like this one is going to go through. The presentation will be available live on the following link (VIEW LINK)
I have 13 years experience in equity markets and financial media. In 2013 I Co Founded, Livewire Markets with Tom McKay. Our vision is to be the #1 source of investment ideas in Australia. Opinions expressed are my own.