Australia's GrainCorp receives $1.8b takeover offer from Long-Term Asset Partners

Australia's GrainCorp receives $1.8b takeover offer from Long-Term Asset Partners

Photo: Reuters

Australia’s largest listed bulk grain handler GrainCorp Ltd said on Monday it received an unsolicited A$2.38 billion ($1.8 billion) takeover approach from a little-known asset manager, catapulting its shares nearly a third higher.

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