Wood & Company resigns from deal with farm manufacturer Sipma

Sipma quoted Wood & Company as saying that "information known to Sipma's management on facts significant for the functioning of the issuer and significantly affecting its price" had arisen. Said Sipma management board member Korneliusz Dubicki: "There was no reason to back out of the deal." Dailies Prawo i Gospodarka and Parkiet suggest the move is related to an investigation regarding the 1996 purchase of Sipma shares by LFMR from Bank Handlowy in 1996. (Parkiet, page 1, Reuters)