The offer implies an aggregate transaction value of about A$3.4 billion (US$3.46 billion). The transaction value reflects the weighted average cost of acquiring the initial 19.8 percent stake in GrainCorp at an average of A$11.24 (US$11.45) per share, and the remaining shares of GrainCorp at A$12.20 per share. The transaction meets ADM's key financial objectives, and will be earnings accretive in the first full year. ADM will fund the acquisition through a combination of operating cash flows and debt.