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News Summary: ADM raises offer for GrainCorp

By The Associated Press
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RAISING THE STAKES: Archer Daniels Midland Co. is increasing its buyout offer for GrainCorp by almost 4 percent and disclosed on Monday that it has already added to its stake in the Australian grain handler.

THE FALLOUT: Under the revised proposal, it would cost ADM about $2.33 billion to buy the rest of GrainCorp.

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