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Archer Daniels Midland (ADM) raises its takeover offer for GrainCorp (GRCLF.PK) to A$12.20...
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Monday, December 3, 2012, 8:10 AM ETArcher Daniels Midland (ADM) raises its takeover offer for GrainCorp (GRCLF.PK) to A$12.20 ($12.73) per share in cash, up from a rejected earlier bid of A$11.75. ADM says it acquired an additional 5% of GrainCorp for the new offer price, raising its stake in the Australian grains handler to 19.9%.
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