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in acquiring and immediately listing Australia's largest grain exporter Cooperative Bulk Handling Ltd (CBH) has withdrawn its offer, GrainCorp Ltd (GNC) - one of the financial backers of the deal - said on Monday.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
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$7.59 |
Change
0.020(0.26%) |
Mkt cap ! $1.687B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.81 | $7.56 | $7.452M | 974.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 750 | $7.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.60 | 1850 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| GNC (ASX) Chart |