Syngenta: ChemChina's bridge financing 'committed and irrevocable'
- Wall St. lower as earnings from some big names disappoint
- Unusual 11 Mid-Day Movers 10/25: (CWEI) (NXTD) (EYES) Higher; (DPRX) (CRBP) (CALA) Lower (more...)
- General Motors (GM) Tops Q3 EPS by 28c
- Procter & Gamble (PG) Tops Q1 EPS by 5c
- DuPont (DD) Tops Q3 EPS by 14c; Boosts FY16 EPS Outlook; Says Continuing to Work with Regulators
A Syngenta logo is pictured in their office in Singapore, February 12, 2016. REUTERS/Edgar Su/File Photo
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial 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
- UPDATE: Barrick Gold (ABX) Gains; Chinese Miners Said in Talks for Stake in Veladero Mine - Reuters
- AT&T's DirecTV Now online video service to cost $35 per month
- Mercedes-Benz to launch pickup truck in 2017
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!