ChemChina agrees to buy Syngenta in record US$43b deal
Deal will transform the state-backed firm into the world's biggest supplier of pesticides and agrochemicals
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Beijing
CHINA National Chemical Corp agreed to buy Swiss pesticide and seeds maker Syngenta AG for more than US$43 billion in cash as the state-backed company extends its shopping spree with what would be the biggest acquisition by a Chinese firm.
ChemChina, as the closely held company is known, offered US$465 a share in cash, according to a statement on Wednesday. The offer, endorsed by Syngenta's board, is about 20 per cent higher than the stock's last close.
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