HomeProduct Complimentary download Nufarm rejects China's Sinochem takeover proposal

Nufarm rejects China's Sinochem takeover proposal

Keyword:
Publish time: 30th December, 2009      Source: www.cnchemicals.com
Information collection and data processing:  CCM     For more information, please contact us
  
   
   
December 30, 2009
   

   

Nufarm rejects China's Sinochem takeover proposal

   
   
   

Nufarm Ltd, an agricultural chemicals supplier in Australia, has rejected a takeover offer by China's Sinochem Corporation.

   

   

According to Sinochem's statement, Nufarm does not accept Sinochem's revised proposal of A$12 (US$10.78) per share.

   

   

Sinochem has been in talks with Nufarm since June 2009. The Chinese company last week reduced its offer for Nufarm from the initial A$13 (US$11.68) to A$12 (US$10.78).