Latest on the ChemChina-Syngenta transaction

China National Chemical Corporation (ChemChina) has announced the definitive end results for ChemChina’s offer to acquire Syngenta, according to which around 94.7 percent of shares have been tendered.

According to a Syngenta news release

“Settlement for shares tendered after the expiration of the Main Offer Period will take place on June 7, 2017. ChemChina re-affirmed its intention to request the cancellation of the remaining publicly held Syngenta shares in accordance with the Swiss Financial Markets Infrastructure Act if the 98 percent threshold is exceeded. To that end, it intends to acquire further shares through market purchases or in off-market transactions. If the level of participation remains below 98 percent, ChemChina re-affirmed its intention to proceed to a squeeze-out merger.”

Email this to someoneShare on FacebookTweet about this on TwitterShare on Google+Print this page

Add Comment

Your email address will not be published.


stay up to date

Subscribe for our newsletter today and receive relevant news straight to your inbox!