Syngenta earnings fall as ChemChina deal advances

Syngenta CEO says takeover to be completed by end of year, but falling stock points to regulatory concern over deal.

Syngenta chief executive officer John Ramsay said on a call with analysts Wednesday that the merger deal with ChemChina is still on track and is expected to be completed by the end of the year, including all regulatory approvals.

The process for gaining approval from regulators is moving according to the company's original time table, Ramsay said. However, he declined to specify whether an application has been filed to the Committee on Foreign Investment in the U.S (CFIUS).

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