in this issue
Regions :: North Asia :: Japan
Nufarm Ends Talks with Sinochem; Sumitomo to Acquire 20% Stake in Nufarm
12:47 AM MST | December 29, 2009 | Deepti Ramesh
Agchem firm Nufarm (Melbourne) says it has terminated discussions with Sinochem (Beijing) for the previously announced proposed acquisition of Nufarm by Sinochem. Nufarm and Sinochem signed a heads of agreement in September 2009 for a nonbinding proposal, under which Sinochem would acquire all of the issued ordinary shares in Nufarm for A$13/share, and the proposal valued Nufarm at A$2.8 billion ($2.5 billion). The termination of discussions between the two companies follows Sinochem lowering its offer for Nufarm last week, to A$12/share. Sinochem says that after...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee