Friday, November 29, 2013

HuntBlog Newsletter 29 November 2013

The Federal Government Protects GrainCorp from Foreign Takeover

Congratulations to Treasurer Joe Hockey, the Coalition Government, the National Party and its leader Warren Truss, Agriculture Minister Barnaby Joyce and Liberal Party Senator Bill Heffernan in particular, for rejecting the US giant Archer Daniels Midland proposed takeover of GrainCorp in the national interest.

The HuntBlog 8 October 2013 newsletter quoted Barnaby Joyce’s call for all those that supported restraint on overseas takeover of prime agricultural land and infrastructure to make a lot of “noise” and noted that Treasurer Joe Hockey’s decision on the ADM  GrainCorp takeover proposal would be a litmus test of the Coalitions resolve to tighten up Australia’s national interest review of foreign investment in Australia.