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Sime Darby Company

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December 22, 2006 | From the Associated Press
Malaysian conglomerate Sime Darby and two of its units Thursday agreed to sell their businesses, marking the first step toward a complex merger involving seven other companies that would create the world's No. 1 palm oil producer. The boards of Sime Darby, its 51%-owned Sime UEP Properties and 70%-owned Sime Engineering Services said they accepted an offer by Synergy Drive to buy their businesses and would ask shareholders to consider the merger plan.
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BUSINESS
December 22, 2006 | From the Associated Press
Malaysian conglomerate Sime Darby and two of its units Thursday agreed to sell their businesses, marking the first step toward a complex merger involving seven other companies that would create the world's No. 1 palm oil producer. The boards of Sime Darby, its 51%-owned Sime UEP Properties and 70%-owned Sime Engineering Services said they accepted an offer by Synergy Drive to buy their businesses and would ask shareholders to consider the merger plan.
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