syngenta-biotechnology-inc-nc-us Syngenta photo

Prospectus published for ChemChina's takeover of Syngenta

Public Tender Offers begin March 23 and continue for 40 trading days. Deal is expected to be wrapped up by end of 2016.

The Swiss Prospectus for the proposed ChemChina takeover of the company was published March 8.

The Swiss Offer Prospectus is available on www.chemchina.com/press. The report of Syngenta’s board of directors and the Fairness Opinion issued by N+1 Swiss Capital regarding the Swiss Public Tender Offer are available on http://www.syngenta.com.

The Public Tender Offers will begin March 23 and run 40 trading days. They may be renewed several times, for 40 trading days at a time, pending completion of all conditions, including regulatory approvals.

Syngenta’s board of directors unanimously recommends that the shareholders of Syngenta accept the offer.

The Syngenta biotechnology facility in North Carolina. (Syngenta photo)

Related story: ChemChina makes $43 billion bid for Syngenta

Syngenta announced Feb. 3 that ChemChina had offered to acquire the company in an all-cash deal valued at $43 billion.

Source: Syngenta

Read more:

Reuters: ChemChina offer for Syngenta to begin March 23 – prospectus – China makes bold move with aim of improving domestic food production.

Agrimoney: ChemChina sets $1.5bn limit for US curbs on Syngenta deal – Deal will go before Foreign Investment Committee.

Reuters: Break fee for Syngenta reduced in ChemChina deal: prospectus - Syngenta would have to pay off ChemChina should the Swiss company breach the transaction agreement or back a rival offer.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish