The US agribusiness giant Archer Daniels Midland has been forced to confront a history of alleged price fixing and market-rigging as its seeks to win regulatory approval for its controversial takeover of GrainCorp. ADM has encountered intense questioning from a senate estimates committee amid concer... ...more
ELEANOR HALL: The US agribusiness giant that's seeking to win approval from Australian regulators to takeover GrainCorp, was today forced to confront its history of alleged price fixing and market-rigging.
The head of Archer Daniels Midland's grains division encountered intense questioning from a... ...more
BY Jacob Greber
EXECUTIVES of Archer Daniels Midland (ADM), making a $3 billion takeover bid for GrainCorp, faced aggressive questioning by Coalition MPs on Tuesday about the US-based agribusiness' history of price-fixing and whether it planned to use so-called thin-capitalisation rules to ... ...more
BY Rob Harris
AGRIBUSINESS giant Archer Daniels Midland has faced an intense grilling of its $3 billion takeover of GrainCorp.
Coalition senators Bill Heffernan and Fiona Nash probed executives in a committee hearing of past accusations that it engaged in ``rigging'' markets and price fix... ...more
by: David Crowe, National Affairs Editor
From: The Australian
June 18, 2013 5:07PM
COALITION senators have taken aim at a $3 billion takeover of the nation's biggest grain handler by grilling the bidder about past accusations that it engaged in price-fixing and "rigging" markets.