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Did anyone notice this obscure press article when the Nufarm deal was announced:"SYDNEY, Sept 28 (Reuters) - Australian farm chemicals group Nufarm Ltd (NUF.AX), subject to $2.5 billion takeover offer from Sinochem, said it has not spoken to any counter bidders about the takeover, the company told an analyst briefing on Monday."What an odd thing to say. Notice the announcement does NOT say that no other bids were received. Rather, what the announcement appears to suggest but not say explicitly is that other bids *were* received, but that they were never considered because of the exclusivity arrangement. What do others make of this?
Did anyone notice this obscure press article when the Nufarm deal was announced:
"SYDNEY, Sept 28 (Reuters) - Australian farm chemicals group Nufarm Ltd (NUF.AX), subject to $2.5 billion takeover offer from Sinochem, said it has not spoken to any counter bidders about the takeover, the company told an analyst briefing on Monday."
What an odd thing to say. Notice the announcement does NOT say that no other bids were received. Rather, what the announcement appears to suggest but not say explicitly is that other bids *were* received, but that they were never considered because of the exclusivity arrangement.
What do others make of this?
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