Original article by Jared Lynch
The Australian Financial Review – Page: 30 : 17-Sep-15

Shares in GrainCorp have risen by nearly nine per cent since Malcolm Turnbull became Prime Minister. There has been speculation that Archer Daniels Midland could make a new takeover bid for GrainCorp due to the leadership change. Archer’s previous bid in 2013 was blocked by Treasurer Joe Hockey on national interest grounds. Belinda Moore of Morgans Financial attributes the share price rally to expectations that the Federal Government will be more open to foreign investment under Turnbull.

CORPORATES
GRAINCORP LIMITED – ASX GNC, ARCHER DANIELS MIDLAND COMPANY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, MORGANS FINANCIAL LIMITED, ELLERSTON CAPITAL PTY LTD, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, LIBERAL PARTY OF AUSTRALIA