MP3: Hockey rejects ADM takeover of Graincorp

28.11.2013

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Hockey rejects ADM takeover of Graincorp MP3

The Federal Treasurer, Joe Hockey, has ruled that ADM's $3.4 billion takeover bid for Graincorp is not in the national interest, because it could damage confidence in foreign investment in Australia. The Nationals and farmers are welcoming the decision, but the Opposition has labelled Mr Hockey as 'weak'. Source: abc.net.au

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