GRCLF - GrainCorp Limited

Other OTC - Other OTC Delayed Price. Currency in USD
5.77
0.00 (0.00%)
As of 3:56PM EST. Market open.
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Previous Close5.77
Open5.77
Bid0.00 x 0
Ask0.00 x 0
Day's Range5.77 - 5.77
52 Week Range4.90 - 7.14
Volume4,490
Avg. Volume2,047
Market Cap1.342B
Beta (3Y Monthly)0.06
PE Ratio (TTM)25.53
EPS (TTM)0.23
Earnings DateN/A
Forward Dividend & Yield0.12 (2.03%)
Ex-Dividend Date2018-11-28
1y Target EstN/A
  • Benzinga

    Competition Watchdog Worries Over USD $248 Million Sale Of Liquids Terminals

    Australia's competition watchdog, the Australian Competition and Consumer Commission (ACCC), has expressed competition fears over the acquisition of the wharf-side GrainCorp Liquid Terminals by independent bulk liquid storage company ANZ Terminals. The ACCC has formed a preliminary view that the potential sale would "substantially lessen competition"... and that's the first step on the way to blocking the A$350 million (US$248 million) deal. ANZ Terminals and GrainCorp both provide marine/wharf-side bulk liquid storage business around Australia.

  • Reuters

    Suitor quits $1.7 billion bid for Australia's GrainCorp, shares tumble

    Australia's largest-listed grain handler, GrainCorp Ltd, said that suitor Long-Term Asset Partners (LTAP) has withdrawn its A$2.4 billion ($1.7 billion) takeover bid after due diligence, pushing shares to five-month lows. GrainCorp stock dropped 11 percent at the open of trade on Tuesday to hit close to where it stood preceding the bid, before recouping some of those losses to trade at A$8.18. The little-known asset manager had made an offer of A$10.42 per share in December 2018, as drought wilted crops across Australia's east coast and limited GrainCorp's ability to earn revenue from international grain trading.

  • Reuters

    Takeover target GrainCorp to split business, engaging with suitors

    Australian takeover target GrainCorp Ltd said on Thursday it plans to separate in two, spinning off and listing its global malting unit and restructuring its grain business, whose earnings have been hit by drought. At the same time, GrainCorp said it is still engaging with suitors vying for parts or all of the company, including little known asset manager Long-Term Asset Partners (LTAP), which last year made a A$2.38 billion ($1.69 billion) takeover offer. Shares in Australia's biggest listed bulk grain handler rose as much as 5.3 percent in early trade before closing up 2.1 percent at A$9.50 in a slightly weaker overall market.

  • Benzinga

    GrainCorp To Sell Liquid Terminals Business For USD $248 Million

    GrainCorp, which is listed on the Australian Stock Exchange, is an agribusiness and bulk-ports operator. It has agreed to sell its Australian bulk liquid terminals business to independent bulk liquid storage company, ANZ Terminals, for about AUD$350 million (USD$248 million). Eight terminals, with a combined storage capacity of about 211,000 cubic meters, will be sold.

  • Reuters

    Little-known asset manager makes $1.8 billion bid for Australia's GrainCorp

    Australia's largest listed bulk grain handler GrainCorp Ltd said on Monday it received an unsolicited A$2.38 billion ($1.8 billion) takeover approach from a little-known asset manager, catapulting its shares nearly a third higher. GrainCorp said privately held Long-Term Asset Partners (LTAP) made an all-cash approach of A$10.42 a share, a near-43 percent premium to the stock's closing price on Friday. Confirming the approach, LTAP said it was an asset manager for a trust whose beneficiaries were Australian investors.

  • Reuters

    Morning News Call - India, December 3

    To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_12032018.pdf If you would like to receive this newsletter via email, please register ...

  • Reuters

    Australia's GrainCorp mulls A$2.38 billion takeover approach, shares surge

    Australia's largest listed bulk grain handler GrainCorp Ltd (GNC.AX) said on Monday it received an unsolicited A$2.38 billion (£1.3 billion) takeover approach from a little-known asset manager, catapulting its shares nearly a third higher. GrainCorp said privately held Long-Term Asset Partners (LTAP), made an all-cash approach of A$10.42 a share, a near-43 percent premium to the stock's closing price on Friday. Confirming the approach, LTAP said it was an asset manager for a trust whose beneficiaries were Australian investors.

  • Australia's GrainCorp says it has received A$2.38 billion takeover approach
    Reuters

    Australia's GrainCorp says it has received A$2.38 billion takeover approach

    Australia's largest listed bulk grain handler GrainCorp Ltd (GNC.AX) said on Monday it has received a A$2.38 billion (£1.3 billion) takeover proposal from a little-known company called Long-Term Asset Partners Pty (LTAP). GrainCorp said LTAP made a cash approach of A$10.42 a share, a near 43 percent premium to GrainCorp's closing price on Friday. GrainCorp said it would consider the proposal but needed to know more information about the financial backers of LTAP and its plans for the Australian bulk grain handler.