Australia blocks US takeover of GrainCorp

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Australia blocks US takeover of GrainCorp
Australia blocks US takeover of GrainCorp (via AFP)

The Australian government rejected Friday the Aus$3 billion (US$2.7 billion) sale of GrainCorp to American agribusiness giant Archer Daniels Midland (ADM), saying it went against the national interest. Treasurer Joe Hockey said the sector was still…

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