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Old Posted Sep 14, 2007, 12:44 AM
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Buhler Deal Still In The Works
SEP 13 2007 03:40 PM
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Winnipeg-based Buhler Industries says it has negotiated an improved offer from a Russian Combine Factory Rostselmash Ltd. with a five-year time element eliminated, in a 145-million dollar deal to acquire 80 per cent of the farm equipment firm. Trading in Buhler stock was temporarily halted this afternoon on the TSE pending dissemination of the news.
The closing date has been set for Oct. 31st, subject to completion of procedural requirements. Buhler's Board of Directors is scheduled to meet Tuesday to discuss the revised offer, and to issue a recommendation to shareholders.
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