Reuters — As Bayer joins the agricultural sector’s scramble to consolidate, its bid for Monsanto may be a tipping point for U.S. farmers, federal lawmakers and regulators concerned the tie-ups may harm the farm economy. If Monsanto accepts Bayer’s unsolicited offer, experts say, the deal would inevitably trigger a review by federal antitrust regulators. But […] Read more
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Rush for ag chem megadeals clogs regulatory path, worries farmers
Rush for ag chem megadeals clogs regulatory path, worries farmers
Reuters — As Bayer joins the agricultural sector’s scramble to consolidate, its bid for Monsanto may be a tipping point for U.S. farmers, federal lawmakers and regulators concerned the tie-ups may harm the farm economy. If Monsanto accepts Bayer’s unsolicited offer, experts say, the deal would inevitably trigger a review by federal antitrust regulators. But […] Read more
Syngenta offer deadline extended as regulators probe deal
Zurich | Reuters — The deadline for shareholders in Swiss pesticides maker Syngenta to accept a US$43 billion takeover bid from state-owned ChemChina has been extended to allow for some outstanding regulatory approvals, the company said Tuesday. Syngenta said the offer will now run from May 24 to July 18. “We don’t have all the […] Read more
Chinese citizens protest ChemChina-Syngenta deal
Beijing | Reuters — Around 400 Chinese citizens have signed a letter to protest the purchase of Swiss-based seeds and pesticides company Syngenta by state-owned ChemChina, saying the deal would eventually lead to genetically modified crops being sown across swathes of the country. Critics of genetically modified organisms argue the technology poses risks to public […] Read more
U.S. senators call for review of Syngenta takeover
Chicago | Reuters — The U.S. government panel that reviews foreign acquisitions should assess the impact on domestic food security from state-owned China National Chemical Corp’s planned US$43.1 billion acquisition of Swiss seeds and pesticide maker Syngenta AG, four U.S. senators said in a letter Thursday. The letter, sent to Treasury Secretary Jacob Lew, also […] Read more
China seeks food security with friendly bid for Syngenta
Basel | Reuters — China made its boldest overseas takeover move when state-owned ChemChina agreed a US$43 billion bid for Swiss seeds and pesticides group Syngenta on Wednesday, aiming to improve domestic food production. The largest ever foreign purchase by a Chinese firm, announced by both companies, will accelerate a shake-up in global agrochemicals and […] Read more
ChemChina said close to striking deal for Syngenta
Reuters — China’s state-owned ChemChina is nearing a deal to buy Swiss seeds and pesticides group Syngenta for around 43 billion Swiss francs (C$59.4 billion), two people familiar with the matter said on Tuesday. The deal, for roughly 470 Swiss francs (C$649) per share, would be the biggest cross-border deal involving a Chinese buyer and […] Read more
Syngenta still looking at different tie-ups
Zug | Reuters — Syngenta is in talks about a possible merger and is weighing a number of options, the Swiss agrichemicals group’s chairman said Wednesday. Michel Demare said last month that the crop chemicals and seeds company was in talks with China’s state-owned ChemChina, U.S. seeds giant Monsanto and others. When asked about the […] Read more
Syngenta said talking to Monsanto, ChemChina, others
Zurich | Reuters — Swiss agrichemicals group Syngenta is in talks with Monsanto, ChemChina and other rivals but has not received a concrete takeover offer and is keeping all options open, chairman Michel Demare told a Swiss newspaper. “Given what shareholders expect for the next 12 months, going it alone is hardly possible,” he told […] Read more
ChemChina to sweeten bid for Syngenta to $44B
Reuters — State-owned China National Chemical Corp. has raised its offer to buy Syngenta by about $2 billion, to US$44 billion, proposing a two-stage takeover of the agrochemical company, Bloomberg reported, citing sources. ChemChina has offered 470 Swiss francs (C$661) per share to buy 70 per cent of Syngenta with an option to acquire the […] Read more
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