“We are disappointed by this decision,” said ADM chairman and CEO Patricia Woertz. “We are confident that our acquisition of GrainCorp would have created value for shareholders of ADM and GrainCorp, as well as grain growers and the Australian economy.
“Throughout this process, we worked constructively to create an arrangement that would be in Australia’s best interests and made substantial commitments to address issues that were important to stakeholders.”
Woertz confirmed there were no conditions or undertakings requested of ADM by the Treasurer.
Source: ADM
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