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AUSTRALIA'S GRAINCORP IN JOINT BID TO BUY GOODMAN FIELDER ASSETS.
MELBOURNE, Aug 1 Asia Pulse - Bulk commodities handler GrainCorp Ltd (ASX:GNC) showed its hand today with a joint bid to buy the Australian milling assets of the nation's largest food company, Goodman Fielder Ltd.
GrainCorp has teamed up with the Australian subsidiary of US commodities giant Cargill to put forward a conditional bid but did not give further details.
It joined grain marketer AWB Ltd in openly declaring interest in the milling operations.
GrainCorp said yesterday its exports were on track to meet its forecast seven million tonnes with the company's profit forecast for the current year on target to reach A$45 million (US$24.37 million) to A$47 million (US$25.45 million).
Broking house Intersuisse said in a report that GrainCorp was looking at moving into downstream processing of agricultural products as it looks to diversify its activities.
"Part of the reason for seeking to diversify its activities away from the its traditional grain and wheat activities is to lessen the effects of the severe swings in the size of ...
- GRAINCORP ON TRACK TO POST $US22MLN ANNUAL NET PROFIT.
- News wire article from: AsiaPulse News June 1, 2006 700+ words
...million tonnes. Last month Graincorp, along with competitor ABB...shipment to occur in June 2006. Graincorp's Allied Mills operation...term supply contract with Goodman Fielder until 2012, is also close...in Western Sydney, which Graincorp said will ensure that is...
- AUSTRALIA'S GRAINCORP SELLS ITS STAKE IN AWB.
- News wire article from: AsiaPulse News January 22, 2003 700+ words
...earnings diversification," GrainCorp managing director Tom Keene said. GrainCorp did not disclose the price...of its core business. GrainCorp and United States commodities...Cargill Inc picked up Goodman Fielder Ltd's Australian flour...
- GRAIN RECEIVALS FOR AUSTRALIA'S GRAINCORP HIT BY DROUGHT.
- News wire article from: AsiaPulse News December 30, 2002 700+ words
...expected this year." GrainCorp has carried over 4...for the coming year. GrainCorp posted a full year...assets it acquired from Goodman Fielder in partnership with...Australia on October 4. GrainCorp said this will assist...
- AUSTRALIA'S GRAINCORP TO PAY US$665 MLN FOR UNITED MALT HOLDINGS.
- News wire article from: AsiaPulse News October 6, 2009 700+ words
...Asia Pulse - Australian grains marketer GrainCorp Ltd (ASX:GNS) plans to buy the world...million). The acquisition will transform GrainCorp into an international agribusiness with...Kingdom, the company said on Tuesday. Graincorp shares went into a trading halt earlier...
- AUSTRALIAN STOCKFEED MAKER RIDLEY MOCKS PREDATOR GRAINCORP.
- News wire article from: AsiaPulse News July 17, 2008 700+ words
...reiterated its rejection of a takeover offer from GrainCorp Ltd (ASX:GNC) as inadequate and said it...Australia's largest grain handler. In May, GrainCorp launched a bid of one GrainCorp share for every nine Ridley shares. At the...
- AUSTRALIA'S GRAINCORP UPGRADES FULL YEAR PROFIT GUIDANCE.(Financial report)
- News wire article from: AsiaPulse News August 3, 2009 700+ words
...Aug 3 Asia Pulse - Grains marketer GrainCorp Ltd (ASX:GNC) has upgraded its full...wheat exporters boosted grain receivals. GrainCorp now expects a net profit for the year...to $42 million, it said on Monday. GrainCorp shares were 44 cents, or 5.87 per...
- GrainCorp Targets Online Sales With Business Objects Extranet; Extranet Exceeds...
- Press release article from: Business Wire June 13, 2002 700+ words
...grain storage, handler, and marketer, GrainCorp Limited, increase operational efficiency...the latest supply chain information. GrainCorp introduced online services to provide...transactions and process market prices online. GrainCorp believes its online initiative will continue...
- AUSTRALIA CO GRAINCORP BUYS UNITED MALT HLDGS FOR US$698 MLN.
- News wire article from: AsiaPulse News November 13, 2009 700+ words
...MELBOURNE, Nov 13 Asia Pulse - Australia's GrainCorp Ltd (ASX:GNC) said on Friday that...757 million (US$698.26 million). GrainCorp announced the acquisition of UMH in early...Burston Malting (Australia) transforms GrainCorp from an eastern Australian storage and...
Source: HighBeam Research, AUSTRALIA'S GRAINCORP IN JOINT BID TO BUY GOODMAN FIELDER ASSETS.