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AWB, GrainCorp to merge in $2bn deal

GRAINS marketers GrainCorp and AWB have said that the two companies will merge to create one of Australia's largest diversified agribusinesses.

The two companies said that GrainCorp will issue to AWB shareholders one GrainCorp share for every 5.75 AWB shares they own, subject to an AWB shareholder vote.

The transaction will result in a nil premium merger with the exchange ratio based on the ...

Equine strangles diagnosed in SA - file photo

Infectious horse disease turns up in SA

An infectious equine disease has been detected at Port Lincoln in South Australia.

A horse has been diagnosed with equine strangles, which can cause symptoms including fever and lymph gland

General News

The wounded Australian soldier has received treatment and is now back on duty.

Digger wounded in Afghanistan incident

An Australian Special Forces soldier was wounded during an operation in Afghanistan on Monday.

The soldier, who cannot be named, received immediate first aid before being moved back to his base

Sports News

Mark Webber says Felipe Massa was given plenty of opportunity to win the German Grand Prix (file photo).

Team orders necessary in F1: Webber

Australian Mark Webber says Ferrari was right to initiate team orders during the German Grand Prix and that Fernando Alonso fully deserved to win the race.

Ferrari driver Felipe Massa handed the