... major lost opportunity for awb. 1048 [Dow Jones] Grain...

... major lost opportunity for awb. 1048 [Dow Jones] Grain company AWB (AWB) slumps 20 cents, or 4.8%, to A$3.93
after news it loses battle to take over logistics concern Grainco, board of
which accepts offer from GrainCorp (GNC). One industry participant said AWB was
just roped into talks to boost offer price for Grainco. But if AWB had
succeeded, takeover of Grainco would have represented quick, easy expansion into
area AWB has been heavily investing in recent years. GrainCorp's success in
takeover talks therefore represents major lost opportunity for AWB. (RCB)