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Fox Business Report On Archer Daniels Midland’s Due Diligence On GrainCorp Discussed At Blog

Press release   •   May 01, 2013 20:44 EDT

New York, NY

On April 30, news and technology blog commented on a Fox Business article regarding agricultural commodities company Archer Daniels Midland’s due diligence on GrainCorp as a mandatory step in the process of deciding whether to formally submit a takeover bid of A$3.4 billion.

According to the Fox Business piece, “Archer Daniels Midland Co. (ADM) has signed a takeover bid implementation deed with GrainCorp Ltd. (GNC.AU), under which it has agreed to make a cash offer of A$12.20 a share to acquire the Australian company after it conducts due diligence.”

Responding to the Fox Business article, described Archer Daniels Midland’s resolve to conduct a thorough investigation on GrainCorp’s books as an important example of how due diligence is becoming the foundation of optimized business decision-making.

After undertaking due diligence on GrainCorp Ltd. for seven days, the findings of ADM’s investigation will be the basis for deciding whether the potential sweetened takeover bid will proceed or not. It’s important to note that this is Archer Daniels Midland’s third attempt to secure the Australian leading agribusiness dealer since last October.

“The investigations carried out by ADM illustrate the impact due diligence can have on a business,” said lead researcher Josh Cole. “In this case, everything comes down to GrainCorp’s books; if they fit the bill, it’s very likely that an agreement will be reached in May.”

In light of the latest developments in the GrainCorp acquisition saga, Cole advised companies to employ third party professionals when facing similar situations. “At Digital Olympus we urge business leaders to work with due diligence experts who can help them make informed decisions by providing valuable information based on the discoveries of corporate investigations.”

The Fox Business article on ADM’s due diligence on GrainCorp concluded by stating that if the takeover bid were to proceed, the addition of GrainCorp to Archer Daniels Midland’s global network would complement the company’s strategy to connect growers in Australia with growing global demand for crops in both Asia and the Middle East.

As a news and technology blog, is committed to promoting the adoption of business intelligence practices that can help decision-makers in companies to improve their due diligence efforts. The due diligence conducted by Archer Daniels Midland in order to make the best possible bidding offer for GrainCorp, can be seen as an example of effective business intelligence in action.


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