
05 Apr SCORPEO Analysis of Syngenta featured by Bloomberg:
Syngenta/ChemChina Deal Could Meet April 28 Close Date: SCORPEO
2017-04-05 09:19:37.730 GMT
By William Canny
(Bloomberg) — Following FTC approval of Syngenta/ChemChina deal, move conservative closure date to May 31 from June 30, SCORPEO Analytics says in emailed comments.
* Says now an increasing probability that the deal can meet the current April 28 extended offer close date
* FTC cooperated with antitrust agencies in Australia, Canada, EU, India and Mexico
* Mexico’s COFECE have updated their approval timetable for the Syngenta/ChemChina deal
* Next session of COFECE will sit on April 6, and will review the deal
* European Union’s Competition Commissioner Margrethe Vestager is holding a press conference at 12pm CET on two mergers
* SCORPEO sees possible EU approvals press release ~10.30am-11am U.K. time
* India remains under review, and ex-Mofcom is only remaining antitrust with timeline “uncertainty,” estimate April 12 for a decision
* NOTE: March 15 PaRR reported SYT/ChemChina was making progress
* Deal parties are said to be pushing for Mofcom approval by May, or possibly April; NDRC no longer analysing deal, an agency official told PaRR
* Syngenta shares gain 1.2%
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* Syngenta Outperforms After U.S. Approves ChemChina Takeover
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William Canny in London at wcanny3@bloomberg.net To contact the editor responsible for this story:
Celeste Perri at cperri@bloomberg.net