Jan 4, 2017

ChemChina, Syngenta merger decision delayed to April 12

The European Commission has delayed the decision on ChemChina’s proposed acquisition of Syngenta to April 12, Reuters reports.

Here’s more from Reuters:

“Syngenta said in a statement the two companies had asked for the extension to allow “sufficient time for the discussion of remedy proposals”.

The European Commission opened an in-depth investigation into state-owned ChemChina’s $43 billion bid in October, saying the companies had not allayed concerns over the deal.”