Deals
Goldman Sachs-Funded Group Bids A$2.4 Billion for GrainCorp
- Conditional bid is priced at 43 percent premium to last close
- Previous foreign bid for GrainCorp rejected by government
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A group of Australian investors backed by Goldman Sachs Group Inc. offered A$2.4 billion ($1.8 billion) to take control of GrainCorp Ltd., five years after the Australian government rejected a foreign bid for the crop handler.