Syngenta (SYT), Lattice Semiconductor (LSCC) Weaken as China's SAFE Said to Pause Deals

November 29, 2016 9:40 AM EST
Get Alerts SYT Hot Sheet
Trade SYT Now!
Join SI Premium – FREE

Find out which companies are about to raise their dividend well before the news hits the Street with's Dividend Insider Elite. Sign-up for a FREE trial here.

Weakness in Syngenta (NYSE: SYT), Ingram Micro (NYSE: IM), and Lattice Semiconductor (NASDAQ: LSCC) Tuesday was tied to reports that China's SAFE has begun putting its approval of pending outbound investment on hold, if they have remaining capital outflow of $50 million or above, according to a report from Bloomberg. These deals will be approved by SAFE after they pass additional reviews by several other government agencies,.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Litigation, Mergers and Acquisitions, Rumors

Add Your Comment