Dead­line on of­fer for Syn­genta ex­tended

China Daily (USA) - - BUSINESS -

China Na­tional Chem­i­cal Cor­po­ra­tion said on Tues­day that it will ex­tend the term of va­lid­ity of its ac­qui­si­tion of­fer for Syn­genta, the Swiss agribusi­ness, to Jan 5th. In Fe­bru­ary, ChemChina of­fered to pur­chase Syn­genta for $43 bil­lion in cash and the trans­ac­tion was ex­pected to be closed by the end of this year. Ac­cord­ing to an EU of­fi­cial, Syn­genta and ChemChina had not sub­mit­ted pro­posed reme­dies to re­solve po­ten­tial an­titrust con­cerns

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