Wednesday, December 15, 2010
Wilmar
Wilmar Int’l has received approval from the NZ Overseas Investment Office to buy CSR's sugar & renewable energy biz. This is the final regulatory hurdle to clear for the A$1.75b Sucrogen purchase. Wilmar had expected to complete the deal 22 Dec & had earlier extended the deadline to 31 Jan. Stock appears to be finding a bottom at ~$5.88 level.
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