Reading Time: 2 minutes Monsanto subsidiary The Climate Corp. has cancelled a deal to sell its Precision Planting business to Deere and Co., citing the months-long court fight against it. The U.S. Department of Justice filed suit in August last year to block the proposed US$190 million deal, alleging the deal would lead to higher prices for high-speed precision […] Read more
Monsanto halts sale of Precision Planting arm to Deere
China clears ChemChina’s Syngenta deal
Reading Time: < 1 minute Zurich | Reuters — ChemChina’s US$43 billion planned takeover of Swiss pesticides and seeds group Syngenta has received approval from China’s Ministry of Commerce (MOFCOM), the two companies said Wednesday. “This represents a further step towards the closing of the transaction, which is expected to take place in the second quarter of 2017,” they said […] Read more
EU regulators said set to clear Dow, Syngenta deals next week
Reading Time: < 1 minute Brussels | Reuters — EU antitrust regulators are set to clear the US$130 billion Dow Chemical and DuPont merger and ChemChina’s US$43 billion bid for Syngenta next week, people familiar with the matter said Thursday. The European Commission could announce its approvals for both companies at the same time either Monday or Tuesday, the people […] Read more
ChemChina says Syngenta deal filing accepted by Beijing
Reading Time: 2 minutes Beijing | Reuters –– ChemChina said Monday that Beijing had accepted its application for regulatory approval of its US$43 billion takeover of Syngenta last month. Earlier Gao Hucheng, who retired as commerce minister less than two weeks ago, said the government had not received a formal filing for China’s largest overseas acquisition. Speaking to Reuters […] Read more
Syngenta sees ChemChina deal closing in second quarter
Reading Time: 2 minutes Reuters — Swiss pesticides and seeds group Syngenta pushed back the expected closure of its agreed US$43 billion takeover by ChemChina to the second quarter of 2017, but said it was making progress in winning regulatory approval for the deal. The transaction is important for China, the world’s largest agricultural market, which is looking to […] Read more
ChemChina seeks U.S. antitrust approval for Syngenta deal
Reading Time: < 1 minute Beijing | Reuters –– China National Chemical Corp., or ChemChina, said Friday it has sought the U.S. antitrust regulator’s approval for its planned US$43 billion acquisition of Swiss crop protection and seed group Syngenta. “We have filed an HSR Act with the FTC after good communications with the case team. We believe the U.S. anti-trust […] Read more
EU regulators delay ChemChina/Syngenta decision
Reading Time: < 1 minute Brussels | Reuters — European Union antitrust regulators have extended the deadline for a decision on ChemChina’s proposed buy of Swiss pesticides and seeds group Syngenta by 10 working days, to April 12. Syngenta said in a statement the two companies had asked for the extension to allow “sufficient time for the discussion of remedy […] Read more
ChemChina reported ready for concessions to clinch Syngenta deal
Reading Time: 3 minutes Beijing/Zurich | Reuters — State-owned Chinese chemicals group ChemChina is ready to offer more concessions to win European Union antitrust approval for its US$43 billion bid for Swiss pesticide and seed group Syngenta, a source with direct knowledge of the process said. Clinching China’s biggest-ever foreign acquisition is taking longer than planned amid a flurry […] Read more
ChemChina, Syngenta ready to offer EU remedies over merger
Reading Time: < 1 minute Florence | Reuters — Chinese state-owned chemical company ChemChina and Swiss pesticides and seeds group Syngenta are prepared to offer concessions to EU antitrust regulators to ease concerns over their US$43 billion deal, a person familiar with the matter said Friday. The companies will meet European Commission officials on Monday in a meeting called by […] Read more
EU regulators halt Dow, DuPont merger review to gather data
Reading Time: < 1 minute Brussels | Reuters — European Union antitrust regulators have halted their scrutiny of Dow Chemical and DuPont’s proposed merger while the companies provide more information regarding their US$130 billion deal. The European Commission opened a full investigation into the case in August, concerned that the deal to create the world’s largest integrated crop protection and […] Read more
A message from April Stewart, Country Guide's Associate Editor
