July 30, 2010

Nufarm's takeover agreement receives confirmation

Canadian and US regulators had confirmed a final agreement on measures taken to ensure competition following the Australia-based agricultural chemical firm's takeover of AH Marks Holdings Ltd.

Nufarm acquired AH Marks, a phenoxy herbicides manufacturing and supply business based in the UK, in March 2008.

The measures involve the sale and/or transfer of some product registrations and regulatory task force seats by Nufarm to other companies and the restructuring of some supply agreements.

Nufarm said in a statement on Thursday (Jul 29) that all measures had already been put in place, and the agreements would not materially affect the anticipated value that Nufarm expects from the acquisition of AH Marks.