In response to speculation in the market, ChemChina reconfirmed on behalf of the Offeror that all regulatory approvals and conditions required for the closing of the offers have been obtained or satisfied.
Subject to at least 67 percent of Syngenta’s issued shares and ADSs being validly tendered into the offers and not withdrawn as of May 4, 2017, the Offeror will purchase and pay for all such shares and ADSs at the first settlement on May 18, 2017.
ChemChina has received approval from the US Federal Trade Commission (FTC) and the European Commission for the proposed $43 billion acquisition of Syngenta, but first both companies must divest some of their pesticide business.
