ADM’s Acquisition of Eastern Australia’s GrainCorp Awaits Final Approval from China’s Ministry of Commerce

GrainCorp agreed on Friday to a revised AU$3.0 billion (HK$23.3 billion or US$3.1 billion) bid from US-based Acher Daniels Midland Co, ceding control of Australia’s largest independent grains handler after a six-month courtship. China’s Ministry of Commerce (Mofcom) claims the power to review any merger in which the combined company would have $63m in Chinese