US Clearance For ChemChina Deal Sends Syngenta Stock Soaring
August 25, 2016
A U.S. national security panel has cleared ChemChina’s $43 billion takeover of Swiss pesticides and seeds group Syngenta, the companies said, boosting chances that the largest foreign acquisition ever by a Chinese company will go through.
The decision removes significant uncertainty over the takeover of the world’s largest pesticides maker after the two companies agreed a deal in February.
Syngenta did not disclose whether it had made concessions to secure approval but indicated that any such steps would not have a significant impact on its business.