For any oth­er inquiries, please con­tact: Ren Kan­Phone +86 138 1097 7565 [email protected] But Dow Chem­i­cal and DuPont agreed on a merg­er in Decem­ber, fur­ther con­sol­i­dat­ing the pes­ti­cide indus­try and lim­it­ing Syngenta‘s merg­er oppor­tu­ni­ties. After the deal, ana­lysts said Mon­san­to or Chem­Chi­na were Syngenta‘s most like­ly part­ners. The approval of the reg­u­la­to­ry author­i­ty, the Com­mit­tee on For­eign Invest­ment in the Unit­ed States, elim­i­nat­ed one of the main poten­tial chal­lenges of the agree­ment, giv­en that the inter­gov­ern­men­tal body had pre­vi­ous­ly proven to be an obsta­cle to cross-bor­der agree­ments with Chi­nese com­pa­nies. The Chi­na Nation­al Chem­i­cal Cor­po­ra­tion (“Chem­Chi­na”) and swiss agri­cul­tur­al com­pa­ny Syn­gen­ta AG have agreed to divest three types of pes­ti­cides in order to set­tle the Fed­er­al Trade Commission‘s claims that their pro­posed merg­er would affect com­pe­ti­tion in sev­er­al US mar­kets. Chem­Chi­na, head­quar­tered in Bei­jing, Chi­na, has pro­duc­tion, R&D and mar­ket­ing bases in 150 coun­tries and regions. It is the largest chem­i­cal group in Chi­na and ranks 265th among the For­tune 500. The company‘s core busi­ness­es include mate­ri­als sci­ence, life sci­ence, high-end man­u­fac­tur­ing and basic chem­i­cals. Pre­vi­ous­ly, Chem­Chi­na suc­cess­ful­ly acquired 9 lead­ing indus­tri­al com­pa­nies in France, UK, Israel, Italy and Ger­many, etc. For more infor­ma­tion, see: www​.chem​chi​na​.com, www​.chem​chi​na​.com/​p​r​e​ss/. The Com­mis­sion vot­ed in favour of the com­plaint and accept­ed the pro­pos­al to approve the pub­lic notice by a 2–0 vote. The FTC will pub­lish the agree­ment pack­age short­ly in the fed­er­al reg­istry. The agree­ment will be sub­ject to pub­lic com­ment for 30 days, start­ing today until May 4, 2017, after which the Com­mis­sion will decide whether the pro­posed approval is final.

Com­ments may be sub­mit­ted elec­tron­i­cal­ly or on paper by fol­low­ing the instruc­tions in the “Addi­tion­al Infor­ma­tion” sec­tion of the Fed­er­al Reg­is­ter notice. Syn­gen­ta is one of the world lead­ers with 28,000 peo­ple in more than 90 coun­tries who are com­mit­ted to our goal: to bring plant poten­tial to life. Through world-class sci­ence, glob­al reach and cus­tomer engage­ment, Syn­gen­ta helps increase plant pro­duc­tiv­i­ty, pro­tect the envi­ron­ment, and improve health and qual­i­ty of life. For more infor­ma­tion, see www​.syn​gen​ta​.com. Fur­ther details on the approval agree­ment — which con­tains an asset main­te­nance order and allows the Com­mis­sion to appoint a mon­i­tor — are pre­sent­ed in the analy­sis to sup­port pub­lic opin­ion on this mat­ter. Chem­Chi­na and Syn­gen­ta have entered into the buy­out agree­ment where­in the Board of Direc­tors of Syn­gen­ta AG (“Syn­gen­ta” or “the Com­pa­ny”) unan­i­mous­ly rec­om­mends ChemChina‘s offer to pur­chase 100% of Syngenta‘s equi­ty. The offer price is $465 per share in cash. In addi­tion, the offer allows for the pay­ment of a spe­cial div­i­dend of CHF 5, payable imme­di­ate­ly pri­or to clos­ing, sub­ject to the agree­ment of Syngenta‘s shareholders.

The pro­posed offer val­ued Syngenta‘s total out­stand­ing shares at $43 bil­lion. The acqui­si­tion is sub­ject to the con­di­tion that the exam­i­na­tion and autho­ri­sa­tion pro­ce­dures are sub­ject to exam­i­na­tion and autho­ri­sa­tion pro­ce­dures from the coun­tries con­cerned. Oth­er deals in this area are a pro­posed $130 bil­lion merg­er between Dow Chem­i­cal and DuPont and Bayer‘s plan to merge with Mon­san­to. On the fer­til­iz­er front, Potash Corp announced plans to merge with Agri­um Inc AGU. YEAR. Head­quar­tered in Basel, Switzer­land, Syn­gen­ta is one of the world‘s largest pro­duc­ers of agro­chem­i­cals, includ­ing insec­ti­cides, fungi­cides, her­bi­cides and seeds. It was cre­at­ed in Novem­ber 2000 by the merg­er of the agri­cul­tur­al com­pa­nies Novar­tis and AstraZeneca. .

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