GrainCorp Ltd. jumped to a record as investors bet Archer-Daniels-Midland Co.’s A$2.68 billion ($2.77 billion) cash takeover bid won’t be enough to win control of eastern Australia’s largest grain handler.
Archer-Daniels-Midland Co., the biggest corn processor, offered A$2.7 billion ($2.8 billion) in cash for GrainCorp Ltd. to gain agricultural shipment assets in Australia, sending the target to a record high.
Archer-Daniels-Midland Co., the world’s biggest corn processor, is targeting Australia’s GrainCorp Ltd. to add agricultural assets that will help it tap growing demand in Asia, according to Topeka Capital Markets Inc.
Raj Rajaratnam , the Galleon Group LLC co-founder on trial for alleged insider trading, shouldn’t be permitted to introduce statements including conversations recorded by his personal trader, prosecutors told a judge.
JPMorgan Chase & Co. and Goldman Sachs Group Inc. units were sued by two pension funds over claims they made misleading statements about the exposure of MF Global Holdings Ltd. securities to European sovereign debt.
Raj Rajaratnam , Galleon Group LLC’s co-founder, told a colleague he had been tipped by a source on the Goldman Sachs Group Inc. board and would trade on the leak about unanticipated losses, according to a wiretapped recording.
Rajat Gupta, the former Goldman Sachs Group Inc. director indicted on insider trading charges, won a court order requiring prosecutors to share information from securities regulators that might help show he’s innocent and lost a bid to suppress wiretap evidence.