ChemChina extends tender offers to acquire Syngenta

摘要

China National Chemical Corp. (ChemChina; Beijing) announced on 17 May that it had extended until 18 July the previously announced tender offers to acquire agricultural chemicals company Syngenta (Basel). In February, ChemChina announced its agreement to acquire Syngenta through a Swiss tender offer and a US tender offer for all publicly held common shares. Syngenta has agreed to ChemChina's $43-billion takeover bid. The Swiss offer and the US offer, which commenced on 23 March, were previ- ously scheduled to expire on 23 May.