Syngenta: ChemChina's bridge financing 'committed and irrevocable'
- Donald Trump Sworn in as 45th U.S. President
- Wall Street ends higher as Trump becomes president
- Walgreens Boots Alliance (WBA) Said to Face Antitrust Concern for Rite Aid (RAD) Fix - Bloomberg
- Bristol-Myers Squibb (BMY) Says It Won't Pursue Accelerated U.S. Regulatory Pathway for Opdivo Plus Yervoy in Lung Cancer
- Apple (AAPL) Sues Qualcomm (QCOM) Over Patent Royalties in Antitrust Case - Bloomberg
A Syngenta logo is pictured in their office in Singapore, February 12, 2016. REUTERS/Edgar Su/File Photo
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
ZURICH (Reuters) - Bridge financing is "committed and irrevocable" for ChemChina's $43 billion takeover of Syngenta
"We have no comment to make on this article and ChemChina is proceeding with their refinancing strategy," the spokeswoman said. "Bridge financing for the transaction is committed and irrevocable."
State-owned ChemChina is borrowing heavily to buy seeds-and-pesticides producer Syngenta as the country seeks new agricultural technology to bolster its growing population's food supply. Caixin reported that a $15 billion piece of the deal's funding remains missing, citing several people it said were close to the deal.
(Reporting by John Miller; Editing by Michael Shields)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Syngenta (SYT)/Chemchina Said to Move Closer to EU Approval - Bloomberg, Citing Mlex
- Intricon Corporation (IIN) Exercises Option to Acquire Remaining 80% Stake in Hearing Help Express
- Wix.com (WIX) to Acquire flok
Create E-mail Alert Related CategoriesGeneral News, Management Comments, Mergers and Acquisitions, Reuters, Rumors
Related EntitiesDefinitive Agreement
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!