GNC graincorp limited
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Dec 19 (Reuters) - Australia's GrainCorp Ltd (GNC) on Wednesday...

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    19/12/18
    09:55
    Post #: 36902373

    Dec 19 (Reuters) - Australia's GrainCorp Ltd (GNC) on Wednesday said it was providing suitor Long-Term Asset Partners Pty (LTAP) due diligence to put forward a more certain proposal.

    The country's largest listed bulk grain handler earlier this month received a buyout proposal from asset manager LTAP in an all-cash deal for A$2.38 billion ($1.76 billion) or $10.42 per share.

    "LTAP proposal at this stage is not sufficiently certain or in a form which would allow the Board to make a recommendation to shareholders," said GrainCorp Chairman Graham Bradley in a letter to the shareholders of the company.

    GrainCorp also sought additional information from LTAP on its longer-term financing plan and intentions.

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Last
$8.70 		Change
0.150(1.75%) 		Mkt cap ! $1.934B
Open High Low Value Volume
$8.65 $8.78 $8.56 $18.41M 2.125M

Buyers (Bids)

No. Vol. Price($)
1 84 $8.69
 

Sellers (Offers)

Price($) Vol. No.
$8.72 2393 2
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Last trade - 16.10pm 15/09/2025 (20 minute delay) ?
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