Australia's Select Harvests rejects offer from UAE fund, shares jump

Australian almond producer Select Harvests Ltd said on Monday it has rejected a A$430.6-million ($334 million) takeover proposal from United Arab Emirates sovereign wealth fund Mubadala Investment Company PJSC. Shares in Select Harvests were up 25.5 percent at A$5.27 after the announcement. The company said the Mubadala Investment Company offer…