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China Daily | Updated: 2009-11-20 08:08

Nufarm due diligence over

Nufarm Ltd, target of a A$2.8 billion ($2.6 billion) takeover bid by Sinochem Corp, said the Chinese group has completed a study of the company's finances, increasing prospects of a successful deal. "The due diligence period has officially ended," Robert Reis, spokesman for Melbourne-based Nufarm said yesterday. "Both parties are now working on the transaction implementation agreement."

Carlyle investment

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