"Prior to acting, potential bidders may have been waiting: to see ADM Australias full offer price; and/or to see the baseline price at which Graincorp directors would recommend an offer; and there remains plenty of time for an alternative bidder to come forward," Grant Samuel said.
Woodside rose 1% after The Australian Financial Review reported that the company was working with long-term advisers, Credit Suisse and Grant Samuel, to consider a potential deal with BHP Billiton. BHP Billiton was off 0.1%.
Samuel Grant (1983-1987), Sarah Martin (1997-2001), Shanika Jones (1992-1996), Linda Smith (1962-1966), Johnna Culipher (1981-1985), Chris Williams (2000-2004)