It's great to see that the T/O is gathering momentum again.While...

It's great to see that the T/O is gathering momentum again.

While the article includes some positives:-

"What is clear is that Sinochem has not walked away from the potential $2.5 billion deal."

Reading the veiled undertones in the article, caution still needs to be taken until an announcement is made. For example:-

"IT HAS been more than two months since Nufarm revealed it was in takeover talks with China's Sinochem and there has been little in the way of an update since."

"although a recent spate of earnings downgrades by Nufarm are unlikely to have assisted its bargaining position."

"Nufarm's latest guidance was for a profit of $135 million to $145 million excluding significant items, but that was made with the caveat that it was subject for review."

"Macquarie Equities last week noted the potential for further earnings risk to the downside, but added that was unlikely to matter much in the context of the Sinochem deal because Nufarm would provide it with a strong distribution platform over the longer term."

All in all, if today's announcement does not include a Sinochem commitment, caution should be exercised.

Would be very happy if it all came together today.