ChemChina, Syngenta merger decision delayed to April 12
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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.”