ChemChina, Syngenta offer set to commence

Syngenta board recommends shareholders accept offer.

Syngenta announced Feb. 3 that it had agreed to a takeover bid from state-owned ChemChina valued at approximately $43 billion (U.S.). While the acquisition is subject to regulatory approvals and other conditions, CNAC Saturn (NL) B.V., a subsidiary of ChemChina, published a prospectus for the offer March 8, saying the deal would commence March 23.

The prospectus stated that the Swiss public tender offer will be open for an initial period of 40 trading days (through May 23) but may

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