GFM Network News

Australia’s temperatures found fastest-rising worldwide

Sydney | Reuters –– Australia faces a rise in temperature of potentially more than 5 C by the end of the century, outpacing global warming worldwide, the country’s national science agency said Tuesday. In its most comprehensive analysis yet of the impacts of climate change, the Commonwealth Scientific and Industrial Research Organization (CSIRO) painted a […] Read more

Australia puts Saputo’s bid for cheesemaker on hold

The three-way battle for Australia’s oldest dairy firm took a fresh twist on Friday when a regulator temporarily stopped Canadian suitor Saputo Inc. from processing acceptances for an offer that has the backing of the target’s board. The blow to the A$515 million bid from Canada’s biggest dairy processing firm for Warrnambool Cheese and Butter […] Read more

Australia’s GrainCorp rejects another ADM offer

GrainCorp Ltd. on Thursday rejected a sweetened $2.9 billion bid from Archer Daniels Midland (ADM), putting pressure on the U.S. agribusiness giant to boost its offer for Australia’s last major independent grains handler. ADM was likely to lift its A$12.20 bid, as it targets the purchase to give it a doorway to supply fast-growing Asia […] Read more

ADM makes play for Australia’s Graincorp

U.S. agriculture giant Archer Daniels Midland raised the stakes in the global race for grains trading power on Friday, by seeking talks to buy smaller Australian shipper GrainCorp to build up its platform in Asia. While several of Illinois-based ADM’s up-and-coming rivals have focused on big deals in North America, ADM CEO Patricia Woertz’s potential […] Read more