View in Other Languages Nufarm (ASX:NUF): Sumitomo Chemical (TYO:4005) Offer Unconditional Nufarm Limited (ASX:NUF):住友化学(TYO:4005)的要约变为无条件 Nufarm (ASX:NUF):住友化學(TYO:4005)的要約變為無條件 Nufarm (ASX:NUF): Sumitomo Chemical (TYO:4005)의 무 조건부 인수 제안 Nufarm ASX:NUF: عرض Sumitomo Chemical TYO:4005 غير مشروط 
Nufarm Limited (ASX:NUF): Sumitomo Chemical (TYO:4005) Offer Unconditional
Nufarm Limited (ASX:NUF): Sumitomo Chemical (TYO:4005) Offer Unconditional

Sydney, April 12, 2010 AEST (ABN Newswire) - Australian agricultural chemicals firm Nufarm Ltd (googlechartASX:NUF) says it has been notified by Japan's Sumitomo Chemical Company Ltd (googlechartTYO:4005) that its offer for 20 per cent of Nufarm is now unconditional. The tender offer for Nufarm shares from Sumitomo Chemical has received acceptances totalling 81.45 per cent of all Nufarm share.

Nufarm last year rejected the A$2.62 billion takeover offer from China's Sinochem Corp. and instead agreed for Japan's Sumitomo Chemical to buy a 20 per cent stake through a tender offer to existing shareholders.

Sumitomo had offered to acquire up to 20 per cent of the total issued shares in Nufarm at A$14 per share. A large number of eligible Nufarm shareholders accepted the offer in respect of more than 20 per cent of their Nufarm shares. Of the total acceptances, 61.45 per cent will be scaled back.

The scale back was necessary to ensure that Sumitomo does not acquire more than 20pc in aggregate of the issued shares in Nufarm in accordance with the terms of the offer.

Contact

Michelle Liang
Asia Business News Asia Bureau
Tel: +61-2-9247-4344
Email: michelle.liang@abnnewswire.net


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