Graincorp (GNC) have recommended the take over offer from Archer Daniels at $13.20 a share

James Marlay
James Marlay Livewire Markets

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)

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