29 Nov 2013 --- Australia has rejected the $3.4 billion takeover of GrainCorp by U.S. agribusiness giant Archer Daniels Midland (ADM) on Friday, bowing to pressure from grain growers in a rare and surprising decision. Announcing the decision this morning to reject ADM's $3.4 billion bid for the eastern grain handler, Federal Treasurer Joe Hockey said he had to take into account the national interest.
