Suitor quits $1.7 billion bid for Australia's GrainCorp, shares tumble

Australia's largest-listed grain handler, GrainCorp Ltd, said that suitor Long-Term Asset Partners (LTAP) has withdrawn its A$2.4 billion ($1.7 billion) takeover bid after due diligence, pushing shares to five-month lows.

from Reuters: Money News https://reut.rs/2V4mXTo
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