Australia spurns ADM's $2.6 billion GrainCorp bid, shares drop

SYDNEY (Reuters) - Australia rejected a A$2.8 billion ($2.6 billion) takeover of GrainCorp by U.S. agribusiness giant Archer Daniels Midland (ADM) on Friday, bowing to pressure from grain growers...

from Reuters: Deals http://feeds.reuters.com/~r/news/deals/~3/mzVYds1Z_74/us-graincorp-adm-idUSBRE9AR0SG20131129