Nuplex says Allnex A$1 billion takeover delayed beyond August

Wed, 20 Jul 2016

By Fiona Rotherham July 21 (BusinessDesk) - Global resins maker Nuplex Industries says the planned A$1 billion takeover by Allnex is now not likely to take place in August as previously advised because of delays getting anti-trust clearance in the European Union. In a statement to the stock exchange, Nuplex said the Phase 1 European Commission application is likely to be re-filed by the private equity-backed Belgian company next week. It said it would provide further updates to shareholders when it is “in a position to advise further”....

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