Gap would be baulking a few but not uncommon for gaps to be left in the instances of a takeover ...
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Nufarm says has had approach from China's Sinochem
Thu Jul 23, 2009 8:24pm EDT
MELBOURNE, July 24 (Reuters) - Nufarm Ltd (NUF.AX), an Australian farm chemicals group, said on Friday it has been approached by China's Sinochem about a possible takeover but there is no certainty any agreement will be put to shareholders.
The group also said there was a risk Nufarm's net operating profit in the 2009 financial year may be more than 10-15 percent below its previous guidance, which was around A$187 million ($152 million).
Shares in the group had risen 10.3 percent on Thursday on speculation Sinochem had made an approach, triggering a query from the Australian Stock Exchange. Sinochem's approach marks the second attempt by a Chinese group to take over Nufarm within the past two years.
http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSSYU00690220090724
nufarms says approached by china's sinochem
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