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ChemChina extends public tender offers for Syngenta to March 2
December 20, 2016 / 6:25 AM / a year ago

ChemChina extends public tender offers for Syngenta to March 2

ZURICH (Reuters) - State-owned China National Chemical Corp (ChemChina) [CNNCC.UL] on Tuesday said it has extended its $43 billion cash offer for Swiss agrichemicals group Syngenta AG (SYNN.S) to March 2, 2017.

A Syngenta logo is pictured in their office in Singapore, February 12, 2016. REUTERS/Edgar Su/File Photo

“As previously stated, extensions to the tender offers are expected to occur until all conditions to the offers are satisfied, including obtaining all applicable regulatory approvals,” ChemChina said in a statement.

“All of the other terms and conditions of the tender offers remain unchanged. ChemChina is aiming to obtain the remaining outstanding regulatory approvals in the first quarter of 2017.”

This follows a Nov. 1 announcement extending the tender offers to Jan. 5.

Reporting by Joshua Franklin; Editing by Christian Schmollinger

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