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

October 14, 2016 7:56 AM EDT
Get Alerts SYT Hot Sheet
Trade SYT Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

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).

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Mergers and Acquisitions, Rumors, Trader Talk

Related Entities

Definitive Agreement

Add Your Comment