China’s National Chemical Corporation and Syngenta submitted formal remedies to the European Union this week in an attempt to win approval by regulators of ChemChina’s planned $43 billion takeover of Syngenta. The companies submitted their comments on Monday and regulators have until Thursday to make a decision. The EU began its review back in October, citing concerns about overlapping portfolios of crop protection products between Syngenta and an Israeli company also controlled by ChemChina. Dow Chemical and DuPont Company also went before regulators this week to plead their case for their planned $60 billion
From the National Association of Farm Broadcasting news service.