Question: Why does China have to approve the ADM / Graincorp takeover?
ADM is a US company, Graincorp is Australian. Why does China have to get involved, and what legal powers does it hold. I understand it is a common regulatory approval that needs to be met, but why? and what would happen if China did not approve?
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$8.87 |
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Mkt cap ! $1.971B | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14143 | $8.86 |
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| Price($) | Vol. | No. |
|---|---|---|
| $8.88 | 1232 | 1 |
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