expressed-fears
U.S. clearance of ChemChina’s Syngenta deal removes key hurdle
August 22, 2016 by publisher · Leave a Comment
Several U.S. lawmakers and groups representing farmers had expressed fears over a Chinese state-owned company being in a position to influence the U.S. food supply. Syngenta shares jumped as much as 12.5 percent on the news and ended trading on Monday up 10.6 percent at 421.20 Swiss francs ($437.9). ChemChina's $465 per share cash offer values the company at around 448 Swiss francs per share at current exchange rates, plus a special five-franc dividend
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U.S. clearance of ChemChina’s Syngenta deal removes key hurdle