Australian-listed agribusiness Graincorp has slumped to a $59 million half year statutory loss,as farmers battled severe drought conditions
A $2.4 billion offer for Australian agribusiness Graincorp from Long-Term Asset Partners has been withdrawn
GrainCorp has blamed international trade tensions and the east-coast drought's impact on summer crops for an expected $40 million hit to earnings in its grains business.
Graincorp plans to demerge its global malting business by the end of this calendar year to create two independent ASX-listed agribusinesses.
Graincorp has announced plans to demerge its malt business and use a derivative to reduce the extreme volatility of its dominant east coast grain logistics operations.
GrainCorp has struck a $350 million deal to exit its Australian bulk liquids terminal business just seven years after buying the operations.
The leisurely pace at which Long-Term Asset Partners is pursuing Graincorp has opened the door to a variety of competing options for Graincorp.
Significant protest votes have upped the pressure on the company's board over an unconventional offer for the company.
Guess who's been on the blower to Prime Minister Scott Morrison.
John Wylie's'friendly'counter to the highly-leveraged bid for Graincorp redefines activism.
Gary Mares has told shareholders it's a shoot first,ask questions later policy at his Rio Dorado venture. But he insists he's only joking.