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Syngenta Says U.S. Extends ChemChina-Deal Antitrust Review

  • FTC asks companies for more information before final decision
  • Merger could still win approval before April 12 EU deadline
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Syngenta AG said the U.S. has asked for more time to review its $43 billion takeover by China National Chemical Corp., adding that it doesn’t expect the protracted scrutiny to delay the companies’ goal to close the deal in the first half.  

The Federal Trade Commission is seeking more information from the chemical makers in order to complete its review, Syngenta spokesman Paul Minehart said Monday. “Things are going very well and we don’t expect the extension to cause a delay,” Minehart said.