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Graincorp shares soar on new PM, prompting fresh takeover speculation

2015-09-16 10:24:30| Agriculture - Topix.net

The change of power to new Prime Minister Malcolm Turnbull appears to have stoked speculation that a fresh $3 billion takeover bid for Australia's biggest listed agribusiness Graincorp may now be welcome. The company's shares have surged almost 9 per cent since Mr Turnbull won the Liberal leadership and the prime ministership in a late night ballot on Monday.

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