Home / World

Syngenta OKs ChemChina bid

By Zhong Nan | China Daily | Updated: 2017-05-06 07:34

Shareholders' acceptance paves way for completion of China's biggest global takeover

China National Chemical Corp, also known as ChemChina, said on Friday that shareholders of Syngenta AG, the Swiss agrochemical and seed producer, have accepted its $43 billion takeover bid, paving the way for completion of China's biggest international acquisition deal.

Based on preliminary numbers, 80.7 percent of shares were tendered in favor of the acquisition, higher than the minimum acceptance rate of 67 percent needed for the deal to go through, ChemChina said in a statement

Syngenta OKs ChemChina bid

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349