IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Agricultural chemicals

Nufarm Confirms Sinochem’s Takeover Approach

11:51 PM MDT | July 24, 2009 | Deepti Ramesh

Agchem firm Nufarm (Melbourne) says it has been approached by Sinochem (Beijing) in relation to a potential acquisition of Nufarm. The approach is confidential, preliminary and incomplete, and there is no certainty that any agreement will be reached or that an offer or proposal will be put to Nufarm shareholders, Nufarm says. Nufarm’s shares were up nearly 9% yesterday in the Australian stock exchange on speculation that Sinochem may take over the company. Nufarm says that its board of directors will consider any offer or proposal it receives having regard...

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