GrainCorp receives $2.68b buyout offer

SHARES in GrainCorp leapt more than 40% today after a $2.68 billion takeover offer was proposed by a US company.

GrainCorp receives $2.68b buyout offer GrainCorp receives $2.68b buyout offer GrainCorp receives $2.68b buyout offer GrainCorp receives $2.68b buyout offer GrainCorp receives $2.68b buyout offer

Trading on the Australian Stock Exchange was halted last week on the back of talks with Illinois-based agricultural company Archer Daniel Midlands.