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Sumitomo Completes Acquisition of 20% Stake in Nufarm

12:11 AM MDT | April 16, 2010 | Deepti Ramesh

Agchem firm Nufarm (Melbourne) says that Sumitomo Chemical has completed the previously announced acquisition of 20% of the total issued shares in Nufarm through a tender offer. The tender offer closed on April 9. Nufarm had signed an agreement with Sumitomo last December, to acquire 20% stake in Nufarm for A$14/share via a tender offer. The agreement with Sumitomo followed Nufarm’s termination of discussions with Sinochem (Beijing) last December, for the acquisition of Nufarm by Sinochem. The termination of discussions between the companies followed...

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