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South Africa clears ADM’s acquisition of Graincorp
date:Jul 15, 2013
The Competition Commission of South Africa has cleared Archer Daniels Midland Companys (ADM) proposed acquisition of Australian grain handler and processor Graincorp.

In April, ADM entered into an agreement to acquire Graincorp in a deal worth A$2.8bn ($2.57bn). ADM agreed to pay A$12.20 ($11.23) per share in cash to acquire GrainCorp.

The approval by South Africa's Competition Commission brings the number of government agencies that have cleared the acquisition to four.

Canada's Competition

12/24 11:37