Switzerland: Biotech Deal Chemchina Reconfirms Timeline for Public Offers for Syngenta Shares and ADSs

Editor: Alexander Stark

With regard to their public offers for Syntgenta shares and ADSs, Chemchina reconfirmed on behalf of Offeror that all regulatory approvals and conditions required for the closing of the offers have been obtained or satisfied.

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Chemchina reaffirms its public offer for Syngenta shares
Chemchina reaffirms its public offer for Syngenta shares
(Source: Pixabay)

Basel/Switzerland — Subject to at least 67 % of Syngenta’s issued shares and ADSs being validly tendered into the offers and not withdrawn as of May 4, 2017, the Offeror will purchase and pay for all such shares and ADSs at the first settlement on May 18, 2017.

Recently, the deal with a value of $ 43 billion has received approval from the US Federal Trade Commission (FTC).

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