Syngenta Shareholders Meet ChemChina Requirements

Kelly Marshall

China National Chemical Corporation (ChemChina) is one step closer to acquiring Syngenta.  Syngenta has announced the provisional interim results from their May Offer Period.  The company was required to see that 67 percent of their shares were tendered.  As of May 4th, they have reached approximately 80 percent of shares, with a few more days till the final count is due.

The prospective timetable for the closing of the offer can be found here.

As soon as permitted by law and applicable regulations, it is intended to de-list the shares from the SIX and to de-list the ADSs from the NYSE.

Agribusiness, Syngenta