ChemChina's $43 Bln Takeover Of Syngenta Gets US Clearance - Quick Facts

(RTTNews) - Swiss agriculture company Syngenta International AG (SYT) announced Monday that its takeover by China National Chemical Corp., known as ChemChina, has received clearance on their proposed deal from the Committee on Foreign Investment in the United States or CFIUS.

In addition to CFIUS clearance, the closing of the deal is subject to anti-trust review by numerous regulators around the world and other customary closing conditions.

Syngenta said both companies are working closely with the regulatory agencies involved and discussions remain constructive.

It was in February this year that ChemChina offered to acquire the Swiss crop chemicals firm at a value of over $43 billion. The offer was $465 per ordinary share plus a special dividend of CHF 5.

The proposed transaction is expected to close by the end of the year.