Syngenta (SYT) Trades Lower on Reports of Sinochem, ChemChina Combination

October 14, 2016 7:56 AM EDT
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China is planning to merge Sinochem and ChemChina as part of an overhaul of state-owned enterprises, according to Bloomberg, citing people familiar with the matter. The combined company would have $100 billion in assets. The report said it is unclear how the merger would affect ChemChina's proposed acquisition of Syngenta (NYSE: SYT).

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