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ChemChina wins U.S. approval for Syngenta takeover

FTC requires Syngenta to divest three types of pesticides to avoid anti-competitive issues.

The Federal Trade Commission (FTC) has given its stamp of approval for China National Chemical Corp.'s (ChemChina) $43 billion purchase of Swiss global agricultural company Syngenta AG. The approval brings the merger one step closer to the finish line, which is anticipated by late June.

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