Companies still in talks as Swiss pesticide says regulatory obstacles to deal are too great
Syngenta, the Swiss pesticide maker, is reported to have turned down a proposed $42bn (£28bn) takeover offer from China National Chemical Corp – a deal that would be the biggest acquisition of a European company by a Chinese bidder.
The state-owned chemicals company offered about SFr449 a share for Syngenta, the world’s biggest pesticides group, Bloomberg News reported. Syngenta, whose market value is about $32bn, turned down the $42bn approach citing the risk of regulatory intervention, Bloomberg said.
Continue reading...from Mergers and acquisitions | The Guardian http://ift.tt/1HM1PEo
No comments:
Post a Comment