Syngenta Sanctions Sale
Pam Smith DTN\Progressive Farmer Crops Technology Editor
Wed Feb 3, 2016 12:17 PM CST

DECATUR, Ill. (DTN) -- After months of speculation, Syngenta announced Wednesday that its board will recommend shareholders accept a $43 billion cash offer from China National Chemical Corp., also known as ChemChina. However, the deal must still undergo scrutiny of shareholders and regulatory agencies.

Davor Pisk, Syngenta's chief operating officer, told DTN in a phone interview that the offer represents an acquisition and ChemChina will be acquiring 100% of Syngenta's shares. The buyout was unanimously supported by Syngenta's board of directors. "It is going to be done through a tender offer to our shareholders, and it is conditional upon two-thirds ...

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