GNC graincorp limited
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News: GNC Australia's GrainCorp gets $1.76 bln buyout offer

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    03/12/18
    09:00
    Post #: 36724773

    Dec 3 (Reuters) - Australia's GrainCorp Ltd (GNC) received a buyout proposal from asset manager Long-Term Asset Partners Pty (LTAP) in an all-cash deal for A$2.38 billion ($1.76 billion), the company said in a statement on Monday.

    GrainCorp's board said it would engage with LTAP with regard to an ongoing portfolio review of the company and also assess merits of the proposal.

    ($1 = 1.3548 Australian dollars)

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