Buyer withdraws GrainCorp offer

GRAINCORP’S $3.3 billion takeover offer has been taken off the table by investor Long Term Asset Partners (LTAP) after months of investigation.

Buyer withdraws GrainCorp offer Buyer withdraws GrainCorp offer Buyer withdraws GrainCorp offer Buyer withdraws GrainCorp offer Buyer withdraws GrainCorp offer

Investment firm LTAP decides to walk away from GrainCorp.

The deal reportedly went sour due to a lack of clarity around the industry structure and model of the GrainCorp business.