chemchina

ChemChina Secures Shareholder Approval of Syngenta Takeover

Dan Industry News Release

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 …

syngenta

Minnesota Court Delays Syngenta Lawsuit Hearing

Dan Corn, Industry News Release

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 …

chemchina

NFU Calls on FTC to Oppose ChemChina Acquisition of Syngenta

Dan Industry News Release

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 …

syngenta viptera

Syngenta Corn Lawsuits Underway

Dan Corn, Industry News Release

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 …