May 05, 2014

Japanese Sumitomo Chemical eyes the long term with Nufarm investment

Japanese sake Copyright Peter Hanami 2005
Picture: Japanese sake 

"The takeover play saw Japan's Sumitomo Chemical take its 20 per cent in Nufarm at $14 a share. The Japanese company has since crept its stake up to 23 per cent and has a representative on the board....the end game looks like a takeover but the Japanese are notorious for having long-term time horizons"

Source: Seeds of doubt linger at Nufarm
Due Diligence
Australian Financial Review
Monday 17th March 2014, page 40

No comments:

Post a Comment