SYDNEY: Australian agribusiness GrainCorp yesterday recommended shareholders accept a takeover offer by suitor Archer Daniels Midland (ADM) which sweetened the deal by adding a special dividend. GrainCorp knocked back a A$2.68 billion, A$11.75 per share offer in October from ADM, a leading American agricultural commodities trader, and again advised against an improved A$12.20 per share … Continue reading Australia’s GrainCorp nods to new ADM offer