ChemChina Completes the Second Settlement of the Tender Offers for Syngenta
June 07 2017 - 11:45AM
Business Wire
China National Chemical Corporation (ChemChina) today announced
the successful completion of the Second Settlement of ChemChina’s
tender offers for Syngenta. Shareholders who tendered their shares
after 4 May 2017 received the consideration of US$465 per share,
and holders of American Depositary Shares ("ADSs") who tendered
their ADSs received US$93 per ADS, on June 7, 2017. In the First
and the Second Settlement, ChemChina acquired 94.7 percent of
Syngenta shares in aggregate.
As soon as permitted by law and applicable regulation, it is
intended to de-list the shares from the SIX and to de-list the ADSs
from the NYSE.
About Syngenta
Syngenta is a leading agriculture company helping to improve
global food security by enabling millions of farmers to make better
use of available resources. Through world class science and
innovative crop solutions, our 28,000 people in over 90 countries
are working to transform how crops are grown. We are committed to
rescuing land from degradation, enhancing biodiversity and
revitalizing rural communities. To learn more visit
www.syngenta.com and www.goodgrowthplan.com. Follow us on Twitter®
at www.twitter.com/Syngenta.
About ChemChina
ChemChina, which is headquartered in Beijing, China, possesses
production, R&D and marketing systems in 150 countries and
regions. It is the largest chemical corporation in China, and
occupies the 234th position among the Fortune Global 500. The
company’s main businesses include materials science, life science,
high-end manufacturing and basic chemicals, among others.
Previously, ChemChina has successfully acquired 9 leading
industrial companies in France, United Kingdom, Israel, Italy and
Germany, etc. To learn more visit www.chemchina.com and
www.chemchina.com/press.
Additional information and where to find it
This press release is for informational purposes only and does
not constitute an offer to purchase or a solicitation of an offer
to sell Common Shares or ADSs. The solicitation and offer to buy
Common Shares or ADSs was only made pursuant to the Swiss Offer
Prospectus and the U.S. Offer to Purchase and other documents
relating to the U.S. Offer that were filed with the U.S. Securities
and Exchange Commission ("SEC"), including the Tender Offer
Statement on Schedule TO filed by ChemChina and CNAC Saturn (NL)
B.V. ("Purchaser") and the Solicitation/Recommendation Statement on
Schedule 14D-9 with respect to the U.S. Offer filed by Syngenta. A
free copy of these materials and other documents filed by
ChemChina, Purchaser and Syngenta with the SEC can be obtained at
the website maintained by the SEC at www.sec.gov. Free copies of
the Solicitation/Recommendation Statement and other documents filed
with the SEC by Syngenta can be obtained at www.syngenta.com.
Cautionary statement regarding forward-looking
statements
Some of the statements contained in this press release are
forward-looking statements, which involves a number of risks and
uncertainties discussed in Syngenta’s public filings with the SEC,
including the "risk factors" section of Syngenta's Form 20-F filed
on February 16, 2017 as well as the U.S. Offer documents filed by
ChemChina and Purchaser and the Solicitation/Recommendation
Statement filed by Syngenta. These statements are based on current
expectations, assumptions, estimates and projections, and involve
known and unknown risks, uncertainties and other factors that may
cause results, levels of activity, performance or achievements to
be materially different from any forward-looking statements. These
statements are generally identified by words or phrases such as
"believe", "anticipate", "expect", "intend", "plan", "will", "may",
"should", "estimate", "predict", "potential", "continue" or the
negative of such terms or other similar expressions. If underlying
assumptions prove inaccurate or unknown risks or uncertainties
materialize, actual results and the timing of events may differ
materially from the results and/or timing discussed in the
forward-looking statements, and you should not place undue reliance
on these statements. ChemChina, Purchaser and Syngenta disclaim any
intent or obligation to update any forward-looking statements as a
result of developments occurring after the period covered by this
press release or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20170607005909/en/
Syngenta International AGMedia OfficeTel: +41 61 323
2323Fax: +41 61 323 2424www.syngenta.comorMedia
contacts:Leandro ContiSwitzerland +41 61 323 2323orPaul
MinehartUSA +1 202 737 8913orAnalyst/Investor
contacts:Jennifer GoughSwitzerland +41 61 323 5059USA +1 202
737 6521
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