ChemChina Secured Enough Support for $43 Billion Syngenta Takeover
ChemChina received enough backing from Syngenta shareholders to proceed.
ChemChina has secured enough support from Syngenta's shareholders to proceed with its $43 billion takeover of the Swiss company.
The proposed takeover was originally announced in early 2016, as ChemChina seeks to expand the products available to it for domestic use.
The agreed deal will see ChemChina pay $465 per share and will be the biggest foreign takeover in China to date.
Syngenta currently sells its chemicals, seeds and other products in more than 90 countries.
The deal is expected to close on May 18.
This article was written by a staff member of TheStreet.
