Nufarm Ends Discussions with China National Chemical and Blackstone

Agchem company Nufarm (Melbourne) says it ended discussions with a consortium of investors to buy the company. The consortium, comprising China National Chemical (Beijing), The Blackstone Group, and Fox Paine Management, says it “will be unable to formalize its proposal prior to the expiry of the exclusivity period,” which expires today. The consortium had offered Nufarm A$17.25/share, which valued the company at A$3 billion ($2.6 billion). Nufarm says it is not obligated to provide any cost reimbursement to the consortium, and Nufarm is no longer any...

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