State-owned ChemChina has secured its takeover of Syngenta after more than 80 percent of Syngenta shareholders approved the acquisition. The Financial Times reports 80.7 percent of shares had been tendered by the end of the offer period on Thursday evening, above the 67 percent minimum required for the deal to go ahead. The $43 billion deal, announced more than a …
The Associated Press reports that the first of literally tens of thousands of lawsuits against Syngenta has been delayed until July. The suits accuse the Swiss agribusiness company of introducing a genetically engineered corn variety before China had approved it for imports, thereby causing farmers economic harm. The case was supposed to go to trial last week in a Minnesota …
Continuing a long tradition of advocating for competitive marketplaces for family farmers and ranchers, National Farmers Union (NFU) urged the Federal Trade Commission (FTC) to oppose the proposed China National Chemical Corp’s (ChemChina) acquisition of Syngenta AG. In public comments to FTC Secretary Donald S. Clark, NFU President Roger Johnson asserted that the deal further consolidates the highly globalized agricultural …
The first of several lawsuits filed against Syngenta is underway. Syngenta is facing dozens of lawsuits that claim a move by the company depressed corn prices in 2013. The farmers involved claim Syngenta’s selling of a corn trait that was not approved to export to China, and found in shipments of U.S. corn to China, depressed U.S. corn prices and …
The ChemChina takeover of Syngenta continues to march through the approval process this month as China has now green-lighted the deal.
Mexico has signed-off on ChemChina’s acquisition of Swiss-based Syngenta. The Federal Economic Competition Commission of Mexico recently announced approval the $43 billion takeover of Syngenta by the state-owned Company, ChemChina.
The European Union has approved the $43 billion takeover of Syngenta by ChemChina, just a day after receiving U.S. approval.
A Dow Jones report says the Dow and DuPont merger deal looks good for regulatory approval from European Union regulators. People familiar with the deal tell Dow Jones that the deal looks to be on track because the companies offered to sell some of their businesses to ease antitrust concerns.
A Kansas City, Kansas federal court will hold the first of several class-action lawsuit hearings against Syngenta over Viptera corn in June. DTN reports the first trial is scheduled for June 5th, according to a court order issued last week in the U.S. District Court of Kansas.
ChemChina has filed for U.S. antitrust approval with the Federal Trade Commission for its proposed $43 billion takeover of Syngenta.
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.
Syngenta agronomists are calling last year’s most noxious weed, Palmer Amaranth, the number one weed to watch for in 2017. It’s continuing to spread north into new states and shows resistance to multiple herbicide modes of action.
Iowa agribusiness leader Bruce Rastetter is a Republican mega-donor who wants the incoming Trump administration to block mergers in the works between large seed and chemical companies.
ChemChina and Syngenta were issued an extension by European Union antitrust regulators to comply with the regulator’s request.
A class-action lawsuit against Syngenta regarding rejected exports is likely to head to trial next year, as scheduled. Online publication Agri-Pulse reports the 10th Circuit Court of Appeals declined to review a lower court’s certification order, allowing the lawsuit to proceed.
Syngenta has moved forward with an appeal claiming the class action lawsuit over its Agrisure Viptera corn brand is built on “fundamental errors.
Syngenta is seeking an appeal in a lawsuit filed by farmers regarding Agrisure Viptera branded corn. The corn contains a biotech trait that at the time of question was not approved for import to China, but was found in U.S. shipments to China in 2013 and 2014.
Syngenta says bridge financing for the ChemChina takeover of Syngenta is “committed and irrevocable.” The comments come after a news agency in China reported over the weekend that a $15 billion piece of the deal’s funding remains missing, citing several people it said were close to the deal, according to Reuters.
A federal judge in Kansas has allowed a lawsuit filed by farmers against Syngenta to move forward as a class action lawsuit. Farmers from the U.S. sued Syngenta in 2014 after grain shipments to China were rejected because of an unapproved genetically engineered trait was found.
Bloomberg reports that the China National Chemical Corporation has commitments from lenders on a $12.7 billion loan package to help secure its purchase of Syngenta. ChemChina acquired the financing from 17 different banks all together.
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