GFM Network News


Suitor quits bid for Australia’s GrainCorp

Sydney | Reuters — Australia’s largest-listed grain handler, GrainCorp Ltd., said that suitor Long-Term Asset Partners (LTAP) has withdrawn its A$2.4 billion (C$2.26 billion) takeover bid after due diligence, pushing shares to five-month lows. GrainCorp stock dropped 11 per cent at the open of trade on Tuesday to hit close to where it stood preceding […] Read more

Port authority clears new West Coast terminal

Work is expected to start within two weeks on a new port grain terminal expected to improve rail efficiency for grain shipments to Canada’s West Coast. Prairie grain handler Parrish and Heimbecker announced Thursday it’s “moving forward” with the Fraser Grain Terminal project as proposed in late 2016, after receiving approval for its project permit […] Read more