ChemChina’s Syngenta acquisition approved

Chinese chemicals conglomerate ChemChina has been cleared to acquire Syngenta, a Swiss agriculture research company.

acquisition ChemChina China Syngenta

ChemChina announced that the tender offers to purchase all publicly held Syngenta shares and ADSs will end on 4 May, 2017.

In accordance with the framework for extensions set by the Swiss Takeover Board, ChemChina made use of the last possibility to extend the Swiss Offer provided by that framework. Accordingly, the Swiss Offer will end on May 4, 2017 at 4:00 p.m. CEST, and the U.S. Offer will end on May 4, 2017 at 10:00 am, New York City time.

Accordingly, shareholders willing to tender their shares or ADSs into the offers and thereby contribute to the satisfaction of the minimum acceptance rate condition are asked to tender their shares or ADSs by 4 May, 2017 or an earlier deadline set by their custodian bank.

The Board of Directors of Syngenta has unanimously recommended the offer to shareholders. The ChemChina-Syngenta transaction respects the interests of all stakeholders and will ensure continued choice and ongoing innovation for growers around the world.