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Archer Daniels Midland's (ADM) sweetened bid for Australia's GrainCorp (GRCLF.PK) is "still not...

Archer Daniels Midland's (ADM) sweetened bid for Australia's GrainCorp (GRCLF.PK) is "still not enough for the irreplaceable nature of GrainCorp’s assets,” an RBS Morgans analyst says. The revised offer represents an EV/EBITDA multiple of 8.5x, well below an average agribusiness acquisition multiple of 9.5x-9.7x, the firm says.
Comments (1)
  • lbatch
    , contributor
    Comments (2) | Send Message
     
    How does the ebitda multiple of ADM compare to what they are proposing to pay for GrainCorp?
    4 Dec 2012, 04:42 AM Reply Like
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