SYDNEY, Sept 19 (Reuters) - The consortium interested in acquiring and immediately listing Australia's largest grain exporter Cooperative Bulk Handling Ltd (CBH) has withdrawn its offer, GrainCorp Ltd (GNC) - one of the financial backers of the deal - said on Monday.
CBH in March rejected the offer from the consortium known as Australian Grains Champion in a deal valued by analysts at up to A$3 billion ($2.26 billion), after concluding it was not in the best interests of its 4,200 farmer members.
When rejecting the offer, CBH said it would conduct a review of its structure, offering shareholders a choice of whether to change its cooperative structure.
($1 = 1.3270 Australian dollars)
News: GNC Suitors for Australia's largest wheat exporter CBH withdraw offer
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Last
$8.89 |
Change
-0.120(1.33%) |
Mkt cap ! $1.978B | |||
| Open | High | Low | Value | Volume |
| $8.99 | $9.01 | $8.87 | $6.287M | 703.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 58 | 6170 | $8.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.89 | 7616 | 31 |
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| GNC (ASX) Chart |