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De Omnibus Dubitandum - Lux Veritas

Friday, February 5, 2016

ChemChina Offers Over $43 Billion for Syngenta

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Acquisition would be biggest ever by a company in China.  Deal underscores China's ambitions about food security. China National Chemical Corp. agreed to buy Swiss pesticide and seeds maker Syngenta AG for more than $43 billion in cash as the state-backed company extends its shopping spree with what would be the biggest acquisition by a Chinese firm. ChemChina, as the closely-held company is known, offered $465 a share in cash, according to a statement on Wednesday. The offer, endorsed by Syngenta’s board, is about 20 percent higher than the stock’s last close......

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