Canadian Manufacturing

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  • Canadian Manufacturing Article

    Aussies block $3.4B food sector takeover bid by U.S. company

    November 29, 2013 by Rod McGuirk THE ASSOCIATED PRESS

    CANBERRA, Australia—Australia on Friday blocked the $3.4-billion Australian-dollar ($3.1 billion) takeover bid by U.S. food giant Archer Daniels Midland Co. for GrainCorp Ltd. Treasurer Joe Hockey, invoking a rarely used power to veto foreign investment, said he rejected the 100