Looks like ADM is pretty keen to get the takeover going through. Has got a lot cheaper for them anyway with the dollar dropping from $1.05 to 91c since the original bid.
"Archer Daniels Midland Company (NYSE: ADM) today announced a package of additional commitments related to its proposed acquisition of GrainCorp Limited (ASX: GNC). Key elements of that package are: • An additional A$200 million investment to strengthen Australian agricultural infrastructure, with specific emphasis on rail enhancement projects; • Price caps on grain handling charges at silos and ports; • Commitment to grain infrastructure access for growers and third parties; • Commitment to "open access" regime for port services; • A grower and community advisory board with representation from New South Wales, Victoria and Queensland, as well as regular public grower consultation; and • Support for expanded grain stocks information arrangements"
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