ChemChina Announces the Definitive End Results of the Tender Offers for Syngenta
31 May 2017 China National Chemical Corporation has announced the definitive end results for ChemChina’s offer to acquire Syngenta, according to which around 94.7% of shares have been tendered.
Settlement for shares tendered after the expiration of the Main Offer Period will take place on June 7, 2017.
ChemChina re-affirmed its intention to request the cancellation of the remaining publicly held Syngenta shares in accordance with the Swiss Financial Markets Infrastructure Act if the 98% threshold is exceeded. To that end, it intends to acquire further shares through market purchases or in off-market transactions.
If the level of participation remains below 98%, ChemChina re-affirmed its intention to proceed to a squeeze-out merger.
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