Deals
ChemChina Clinches U.S. Security Nod for Syngenta Purchase
- Deal would be biggest in record year of Chinese takeovers
- Offer by state-owned firm has drawn criticism from lawmakers
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China National Chemical Corp. received approval from U.S. national security officials for its takeover of Swiss agrochemical and seeds company Syngenta AG, seen as the biggest regulatory hurdle that the $43 billion acquisition faces.
The Committee on Foreign Investment in the U.S. has cleared the transaction, the companies said in a statement Monday. The deal, expected to be completed by the end of the year, is still subject to antitrust review by regulators worldwide, according to the statement.