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ABB AusBulk Merger Terms
SYDNEY - May 10/04 - SNS -- Terms of the proposed merger agreement which would see ABB Grain Ltd (ABB) take over AusBulk Ltd (AusBulk) and United Grower Holdings (UGH) were made available by the companies today.
The merger proposal will be given to shareholders August 20 and is expected to be completed by September 30.
The merged entity will continue to be listed on the ASX and retain the name ‘ABB Grain Ltd', along with ABB's established system of grain growers owning A-Class shares and public shareholders (including growers) owning ASX-quoted B-Class shares.
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