日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Companies

ChemChina in talks to buy Syngenta

(Agencies) Updated: 2015-11-14 11:21

ChemChina in talks to buy Syngenta

View of the stand of China National Chemical Corp (ChemChina) during an exhibition in Shanghai, China, November 4, 2010. [Photo/IC]

China National Chemical Corp is in talks to buy Swiss pesticide maker Syngenta AG in what would be the largest acquisition by a Chinese company of a European target, people with knowledge of the matter said.

The State-owned ChemChina offered about 449 Swiss francs ($448) a share, which values Syngenta at about 41.7 billion francs, said one of the people, who asked not to be identified because the information is private.

Syngenta, which has a market value of about $32 billion, rejected that offer citing regulatory risk, the person said.

While a deal is not imminent, the two sides are still talking and an agreement could be reached in the next few weeks, said the person. Syngenta, the world's largest pesticide producer, is also talking with other potential suitors as it explores options, the person said.

Talks may fall apart and Syngenta may decide to stay independent or seek acquisitions of its own.

ChemChina said it could not immediately comment in an e-mail response to questions. Syngenta representatives did not respond to requests for comment. Syngenta's American Depositary Receipts jumped as much as 16 percent in after-hours trading in New York.

In March, ChemChina agreed to buy a 26.2 percent stake in Pirelli & C SpA from the Italian tiremaker's largest shareholder in a deal that valued the target at about $7.7 billion. ChemChina and other buyers then made a public tender offer for the rest of the company, a deal that closed this month.

President Xi Jinping is trying to boost agricultural output to maintain self-sufficiency as a growing middle class consumes more grain-intensive meat. The World Bank estimates that China's arable land declined 6 percent in the last decade as economic growth boomed.

In May, Xi gave farmers more rights to help keep them on the land and increase production. The same month, he called for the country to take the lead in development of genetically modified organisms, or GMOs, such as the herbicide-tolerant crops developed by Syngenta.

Last month, Syngenta named Chief Financial Officer John Ramsay as provisional chief executive officer to replace Mike Mack, who quit. Mack faced shareholder criticism after he refused to engage in talks with Monsanto Co over its $47 billion takeover approach.

Monsanto initially offered to buy Syngenta earlier this year for 449 francs a share, the same price offered by ChemChina.

In August, Monsanto raised its cash-and-stock offer to 470 francs.

Syngenta rejected the bids for being too low and failing to recognize fully its prospects and the threat of antitrust hurdles.

Monsanto, the world's largest seed producer, withdrew its offer on Aug 26 and has said it plans to seek acquisitions elsewhere.

Syngenta makes agricultural pesticides, including chemicals that kill weeds and bugs. The prospect of a Monsanto-Syngenta combination has triggered deal talks among the world's top producers of pesticides and seeds, the CEOs of Dow Chemical Co and DuPont Co said last month.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲29p| 日韩欧美在线观看视频 | 久久精品夜色噜噜亚洲a∨ 欧美一级二级三级视频 | 精品免费在线观看 | 日韩成人精品一区二区 | av老鸭窝| 麻豆视频播放 | 亚洲少妇一区二区三区 | 国产剧情精品 | 中文字幕在线免费看 | 99热18| 欧美成在线观看 | 91精品导航 | 黄色一级图片 | 天天爽天天操 | 1024亚洲| 日韩资源网 | 免费观看av网址 | 欧美三级 欧美一级 | 黄色av成人 | 欧美成人天堂 | 在线免费播放av | 久久久久久蜜桃 | 亚洲精品国产精品国自产 | 亚洲黄色免费网站 | 国产白浆视频 | 激情五月婷婷网 | 日韩欧美国产亚洲 | 久久国产精品一区二区三区 | 国产欧美一区二区精品性色 | 亚洲激情区 | 1024国产在线 | 久久精品免费 | 国产一区二区三区视频 | 欧美日韩综合在线 | 在线看国产精品 | 四虎影院成人 | 午夜影院福利 | 一级二级三级在线观看 | 久久国产精品-国产精品 | 中文字幕日韩一区 |