Syngenta Reportedly Rejects ChemChina Offer

November 13, 2015 06:22 AM
 
Syngenta Reportedly Rejects ChemChina Offer

Swiss pesticide maker Syngenta is a target of China National Chemical Corp., otherwise known as ChemChina.

According to people with knowledge of the matter, ChemChina's 41.7 billion franc ($42 billion) offer has been rejected by Syngenta because of regulatory risk. A takeover would be the largest by a Chinese company of a European target.

Syngenta is said to be talking to other potential suitors. Earlier this year it spurned a $47 billion takeover approach from Monsanto, the world's largest seeds company.

 

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