Grain, Cheese And Qantas

icyfroth — Fri, 29 Nov 2013 23:18:48 GMT

Grain silos, cheese and a flying kangaroo stir the emotions - at least when it comes to foreign ownership.

The partial sale of home-grown biscuit brand Arnotts in 1992 was emotional enough.

Back then, the Arnott family ran television ads with the slogan "Can you put a price on Arnotts?" as the American Campbell Soup Company made a hostile takeover bid for the maker of Tim Tams.

That was also the year that Qantas and the NSW Grain Handling Authority, now known as GrainCorp, were privatised.

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Treasurer Joe Hockey on Friday blocked American food giant Archer Daniels Midland (ADM)'s $3.4 billion takeover bid for GrainCorp, Australia's biggest grains handler and exporter.

That's good news isn't it? I wonder how long he'll be able to block it though, until the pressure gets to him?

Re: Grain, Cheese And Qantas

lakeland27 — Fri, 29 Nov 2013 23:46:02 GMT

knowing this decision could be the end for some national MPs (and with them the coalitions grip on power) he may hold off indefinitely.

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Grain, Cheese And Qantas

Re: Grain, Cheese And Qantas