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Genesis Research and Development Corporation (GEN.NZ) Announces Settlement Of The Legal Dispute With ArborGen, LLC; Genesis


10/19/2005 5:09:50 PM

Auckland, New Zealand, 24 May 2005 Genesis Research and Development Corporation Ltd (NZSX/ASX: GEN) today announced that it has agreed a settlement of the legal dispute with ArborGen, LLC. Genesis will receive US$5.5 million from ArborGen in return for exiting its forestry related activities (including its ownership interest in ArborGen) on completion of the settlement conditions.



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