There's nothing like tying up loose ends, with Sinochem Corp's bid for Nufarm now ticking along nicely.
The Australian Financial Review reports that Sinochem wraps up due diligence on Nufarm today for the drawn-out $2.8 billion bid for the crop-protection group.
The exclusivity period ends on December 3 and it is understood that the transaction implementation agreement must be finalised before this date, so all parties are working overtime.
December 3 also happens to be the day Doug Rathbone will face shareholders at Nufarm's annual general meeting.
The possible tie-up marks the largest takeover of an Australian company by a Chinese company, and is contingent on approval from the Foreign Investment Review Board, the ACCC and Chinese regulators.
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