Archer Daniels Midland Looks to GrainCorp Purchase, GeoEye Combines with DigitalGlobal: Merger and Acquisition Wrap

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Archer Daniels Midland Company (NYSE:ADM) wants to buy GrainCorp Limited (GRCLF.PK) at $12.20 per share in cash, with shareholders keeping the dividend of $0.35 which was announced on November 15th. The proposal was reported in a Monday press release and it is now up to the board of directors of GrainCorp to decide whether to recommend the offer to shareholders.

Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>

GeoEye (NASDAQ:GEOY) reported in a release on Monday that the proposal to combine GeoEye with DigitalGlobe (NYSE:DGI) has been okayed by its shareholders with 98.3 percent of the shares voting in favor. GeoEye is a leading source of geospatial information and insight.

Don’t Miss: News Corp Division: Murdoch’s Still in Charge.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business