Syngenta, ChemChina Delay Merger Decision Until April
< 1 minute read
According to the Reuters news agency, the European Commission has delayed the decision on ChemChina’s proposed acquisition of Syngenta until April 12.
Reuters reports that, “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 last October, saying the companies had not allayed concerns over the deal.”