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Syngenta doesn't have all approvals, ChemChina's offer extended

Staff writer |
Swiss pesticides maker Syngenta said the offer period for ChemChina's takeover bid was extended because some regulatory approvals were still outstanding.

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"We don't have all the regulatory approvals yet," a Syngenta spokesman said, adding that the company still expected for the deal to close by year-end.

Syngenta earlier said the first extension period of the public tender offer to buy Syngenta will commence on May 24 and end on July 18.

Syngenta said in February it was to be acquired by ChemChina in a deal worth more than $43 billion, equivalent to $471.38 per share.


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