GNC graincorp limited
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News: GNC Graincorp Says Co Continues To Engage With LTAP

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    20/02/19
    11:10
    Post #: 37497405

    Feb 20 (Reuters) - Graincorp Ltd (GNC) :

    • CONTINUES TO ENGAGE WITH LTAP AS THEY UNDERTAKE DUE DILIGENCE AND SEEK TO DEVELOP A FORMAL, BINDING OFFER
    • LTAP'S PROPOSAL REMAINS INDICATIVE AND NON-BINDING
    • APPROACHED BY NUMBER OF PARTIES WHO HAVE EXPRESSED "SERIOUS" INTEREST IN PURCHASING PART OR PARTS OF CO'S ASSET PORTFOLIO
    • SEES ONGOING PRESSURE IN FY19 ON CRUSH MARGINS DUE TO LIMITED SUPPLY OF CANOLA ARISING FROM DROUGHT CONDITIONS

    Source text: http://bit.ly/2Ndolk0

    (([email protected];))

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