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Regions :: Australia/New Zealand
Nufarm and Sumitomo to Jointly Expand Agchem Business
11:36 PM MDT | June 10, 2010 | Deepti Ramesh
Sumitomo Chemical says the comprehensive business tie-up with agchem firm Nufarm (Melbourne) is progressing smoothly and the companies are devoting their efforts to generating early synergies. Sumitomo completed the previously announced acquisition of 20% of the total issued shares in Nufarm through a tender offer, which closed on April 9. Sumitomo signed an agreement with Nufarm last December to acquire the 20% stake for A$14/share. Sumitomo says it will expand marketing of its agchem products through a tie-up with Nufarm. In Indonesia, Sumitomo plans to...
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