GrainCorp (GRCLF.PK), which last week rejected a A$2.7B ($2.8B) offer from Archer Daniels...

|About: GrainCorp Ltd. (GRCLF)|By:, SA News Editor

GrainCorp (GRCLF.PK), which last week rejected a A$2.7B ($2.8B) offer from Archer Daniels Midland (ADM), intends to follow a strategy to increase shareholder value rather than sell itself, CEO Alison Watkins says. The Australian grain handler has identified A$110M of profit improvements, and believes it will experience increased demand in Asia, the Middle East and North Africa.