Syngenta Shareholders Accept ChemChina Offer
China National Chemical Corporation (ChemChina) announced the provisional interim results for ChemChina’s offer to acquire Syngenta. At the end of the Main Offer Period on May 4, based on preliminary numbers, around 80.7% of shares have been tendered. Subject to confirmation in the definitive notice of interim results scheduled for May 10, the Minimum Acceptance Rate condition of 67% of issued Syngenta shares has been met.
The prospective timetable for the closing of the offer is as follows:
Wednesday, May 10, 2017 | Definitive notice of the interim result of the Offer | ||
Thursday, May 11, 2017 | Start of the Additional Acceptance Period | ||
Tuesday, May 16, 2017 |
Payment of Special Dividend to shareholders1 |
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Thursday, May 18, 2017 | First Settlement | ||
Wednesday, May 24, 2017 | End of the Additional Acceptance Period | ||
Friday, May 26, 2017 | Provisional notice of the end result of the Offer | ||
(at the latest) | |||
Wednesday, May 31, 2017 | Definitive notice of the end result of the Offer | ||
Wednesday, June 7, 2017 | Second Settlement |
Further, as soon as permitted by law and applicable regulations, it is intended to de-list the shares from the SIX and to de-list the ADSs from the NYSE.