Former Business Council of Australia president Tony Shepherd is behind a bold $2.4 billion bid for control of GrainCorp which comes just as the agriculture giant was considering its own acquisitions.
GrainCorp, the dominant force in east coast grain handling, has received a non-binding, indicative proposal from Long-Term Asset Partners Pty Ltd (LTAP) that value its stock at $10.42 a share.
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Jessica Gardner is Deputy editor - News. She has previously edited the Companies and Markets section. Connect with Jessica on Twitter. Email Jessica at jgardner@afr.com
Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
