chemchina syngenta stock price

The offer price is USD 465 per share in cash. ChemChina is offering to buy Switzerland's Syngenta (NYSE:SYT) in a deal worth more than $43B - a move that would translate into the largest ever international takeover by a Chinese company. Syngenta: ChemChina deal 'not China nationalization' Published Wed, Feb 3 2016 2:51 AM EST Updated Wed, Feb 3 2016 12:13 PM EST. ChemChina’s offer would be at a premium of about 24 percent to Syngenta’s Monday close of 378.40 francs. Net sales break down by family of products as follows: - crop protection products (71.1%): herbicides, fungicides, insecticides, etc. To appease shareholders, Syngenta announced plans in September to buy back more than $2 billion of stock, funding the measure by selling its vegetable seeds business. Over the past six months, the relative strength of its shares against the market has been -8.19%. “ChemChina was hoping to relist on the Chinese A-share market after it purchased Syngenta,” a senior agrichemical researcher said, adding that the high valuation of the A-share stock market could be one of the few ways to pay down the debt. ChemChina's offer for Syngenta is on the table. ChemChina and Sinochem <600500.SS> are consolidating their agricultural assets into a new holding company to be called Syngenta Group, ChemChina unit Syngenta said on Sunday. ChemChina and Syngenta have reached the acquisition agreement in which the Board of Directors of Syngenta AG (“Syngenta” or the “Company”) unanimously recommends ChemChina's offer to purchase 100% of Syngenta’s equity. : Get the latest Syngenta stock price and detailed information including news, historical charts and realtime prices. Consolidation of agrochemical businesses has no immediate impact on ChemChina and Sinochem HK's ratings. Chen Lichtenstein, current president and CEO of Shenzhen-listed crop protection company ADAMA <000553.SZ>, which will also be incorporated into the new group, will be nominated CFO of the newly formed Syngenta Group. ChemChina has a 5 percent share of the global crop chemicals through its ownership of Israeli generic pesticides maker Adama. ($1 = … Syngenta's share price has significantly lagged ChemChina's offer amid concerns that the deal would get through CFIUS. ChemChina has won more than enough support from Syngenta shareholders to clinch its $43 billion takeover of the Swiss group. ; - seeds (20.8%): corn and soybean seeds (51.7% of sales), vegetable plants (25.1%) and other (23.2%; flower, oilseed rape, sugar beet); - flowering plants (5.1%). ChemChina or a designated direct or indirect subsidiary thereof launched a public tender offer in the U.S. to all holders of American Depositary Shares of Syngenta (ADSs) issued by Bank of New York Mellon acting as depositary (the U.S. Depositary) and listed on the New York Stock Exchange and to holders of Syngenta Shares who are U.S. An important predictor of whether a stock price will go up is its track record of momentum. The reorganisation includes Syngenta, the Swiss pesticide producer that ChemChina agreed in 2016 to buy for $43 billion. ChemChina and Switzerland's Syngenta ... Jim Cramer Has a Covid-19 Message for Stock Market Bulls. The companies said the first settlement payment was scheduled for May 18, when ChemChina would take control. Investors were worried that the acquisition would fall through, since SYT stock has been trading below the deal's offer price of $465 per share. Syngenta (SYT) stock price, charts, trades & the US's most popular discussion forums. Even so, Monsanto probably would need to sweeten its offer to overpower ChemChina’s. Cisco's Earnings Beat Prompts Analysts to Nudge Up Price … ChemChina has paid 470 SW Francs a share ( $465 a share plus a special dividend of 5 Swiss francs) to buy the Syngenta, which is 24% higher than the company’s last close of 378.4 francs, the day before the deal was finalized. Syngenta is one of the world leaders in producing and marketing agrochemical product. In return for $10 billion, ChemChina and Sinochem are looking to sell about 20%-30% of SAS by year-end and use the proceeds to repay debt ChemChina took on to fund the Syngenta … Syngenta AG ordinary shares were delisted from the SIX Swiss Exchange on January 8, 2018, and Syngenta AG ADSs were delisted from the New York Stock Exchange on January 18, 2018. Free forex prices, toplists, indices and lots more. ChemChina and Sinochem sign contract jointly at CIIE… 2020-11-06 Five Booths of Overseas Business of China Natio… The 3rd China International Import Expo 2020 (hereinafter called as “the Expo”) will be held at the National Convention … 2020-11-02 Its last one is now worth about 426 Swiss francs for each Syngenta share. The reorganisation includes Syngenta, the Swiss pesticide producer that ChemChina agreed in 2016 to buy for $43 billion. The fact Syngenta’s stock price is still 16 percent below the mooted sale price suggests investors do harbor some doubts. Both companies have agreed on the deal. Its last one is now worth about 426 Swiss francs for each Syngenta share. ChemChina wants to list Syngenta, the Swiss pesticide producer it bought for $45 billion in 2016, on China’s technology-focused STAR market in mid … Stock Price Variations Over Last 10 Days. Initial reactions of investors of Syngenta were positive as the company’s stock rose 6% on the day of the announcement. The fact Syngenta’s stock price is still 16 percent below the mooted sale price suggests investors do harbor some doubts. Syngenta declined to comment. Syngenta trading below the offered price suggests increased doubts that the … finance.yahoo.com Jan 8, 2020 Syngenta Wilmington Inc. -- Moody's announces completion of a periodic review of ratings of Syngenta AG. ChemChina was looking to raise as much as $10 billion in Syngenta’s pre-IPO round, Reuters reported in December, citing unidentified sources. A WARMER RECEPTION In return for $10 billion, ChemChina and Sinochem are looking to sell about 20%-30% of SAS by year-end and use the proceeds to repay debt ChemChina took on to fund the Syngenta deal, according to the fundraising documents. Syngenta argued that Monsanto was trying to buy it on the cheap at a low point in the agrochemical cycle, but it now looks ready to accept a similar price from ChemChina. Beijing, China, July 11, 2016 – China National Chemical Corporation ("ChemChina") announced today that it has extended the tender offers to purchase all publicly held registered shares ("Common Shares") of Syngenta AG ("Syngenta") and all outstanding American Depositary Shares representing Common Shares ("ADSs") until September 13, 2016, unless further extended. The value of the bid declined to 433 francs during August as Monsanto’s stock price fell amid a … Price trends tend to persist, so it's worth looking at them when it comes to a share like Syngenta AG. The fundraising efforts and eventual stock market listing are designed to cut ChemChina's debt ahead of a long-awaited mega-merger with state-owned peer Sinochem. Even so, Monsanto probably would need to sweeten its offer to overpower ChemChina’s. ChemChina may aim for less than that amount as some potential investors have balked at the terms of the round, which imply a valuation for the company that is too high, the people said. ChemChina wants to list Syngenta, the Swiss pesticide producer it bought for $45 billion in 2016, on China’s technology-focused STAR market in mid … Investors were worried that the acquisition would fall through, since SYT stock has been trading below the deal’s offer price of $465 per share. On its own, Syngenta would be considered a foreign company and ineligible, according to one of the people. Syngenta (SYT) stock is increasing after the company agreed to be acquired by ChemChina in a transaction valued at more than $43 billion. This amount corresponds to the offer price that had been paid by ChemChina. INVESTING. Syngenta AG, domiciled in Basel, Switzerland, is a fully owned subsidiary of CNAC Saturn (NL) B.V., a subsidiary of China National Chemical Corporation (“ChemChina”). Company profile page for Syngenta AG including stock price, company news, press releases, executives, board members, and contact information ... Stock Quotes, and Market Data and Analysis. 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