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BASF Hoarding Escrow Fund After $1B Deal, Suit Says

By Matt Chiappardi ( December 5, 2013, 3:01 PM EST) -- Private equity firm Norwest Equity Partners filed a lawsuit late Wednesday in Delaware Chancery Court claiming that BASF Corp. is trying to block the release of $77 million in escrowed funds from the $1 billion purchase of an agricultural technology firm by making "bogus" tax and other claims....

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