Foreign direct investment takeovers and acquisitions in Australia
Case studies from Graincorp and Saputo
25 February 2014
In this webinar recording, Partners John Kettle and Isaac West discuss the topic of foreign direct investment and takeovers and acquisitions in Australia, whilst also examining two recent takeover bids involving GrainCorp and Saputo.
Foreign direct investment is important to any country due to the economic growth it promotes, reduction in unemployment and an increase in competition within domestic industries.
While the Australia government welcomes foreign investment, the Federal Government surprisingly decided to block the $3.4 bullion takeover of GrainCorp (Australia’s largest grain handler) by US firm Archer Daniels Midland.
With the rejection of the takeover bid being blamed to a contrary of national interest, there are other issues that will be uncovered which will help explain why this takeover proposal was rejected.
This presentation also provides insight into the potential takeover of Warrnambool Cheese and Butter by Canadian dairy giant Saputo, and look into factors that may have prevented this contested takeover from being successful.
About McCullough Robertson
McCullough Robertson is a leading Australian independent law firm with industry specialists combining legal expertise with deep industry knowledge and foresight. The firm provides innovative, relevant and commercial legal solutions to major corporate, government and high net worth individuals across Australia and internationally. Established in 1926 the firm's major focus areas are the resources (mining and energy), food and agribusiness, technology, telecommunications, health and life sciences (pharmaceuticals), real estate and financial services sectors.