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Makhteshim and Agrium Seeking to Buy Nufarm?

1:12 PM MDT | August 29, 2007 |

Chemical Week Editorial Staff

Makhteshim Agan Industries (MAI; Tel Aviv) and Agrium (Calgary, AB) have made separate approaches to agchems producer Nufarm (Melbourne) with a view to merging with or acquiring Nufarm, according to Australian and Israeli press reports. MAI is seeking to buy an initial 40%-50% of Nufarm for about $1 billion, the reports say. MAI says it “evaluates from time to time possible cooperation with, or purchases of, different companies that operate in our field. At the present time, the company is unable to assess whether or not such evaluations will lead to actual...

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