ChemChina Announces the Definitive End Results of the Tender Offers for Syngenta
May 31 2017 - 1:00AM
Business Wire
China National Chemical Corporation (ChemChina) today announced
the definitive end results for ChemChina’s offer to acquire
Syngenta, according to which around 94.7 percent of shares have
been tendered.
Settlement for shares tendered after the expiration of the Main
Offer Period will take place on June 7, 2017.
ChemChina re-affirmed its intention to request the cancellation
of the remaining publicly held Syngenta shares in accordance with
the Swiss Financial Markets Infrastructure Act if the 98 percent
threshold is exceeded. To that end, it intends to acquire further
shares through market purchases or in off-market transactions.
If the level of participation remains below 98 percent,
ChemChina re-affirmed its intention to proceed to a squeeze-out
merger.
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, including statements regarding the
expected consummation of the acquisition, 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/20170530006488/en/
Syngenta International AGMedia OfficeTel: +41 61 323
2323Fax: +41 61 323
2424www.syngenta.comorMedia:Leandro Conti, +41 61 323
2323SwitzerlandorPaul Minehart, +1
202-737-8913USAorAnalyst/Investors:Jennifer
GoughSwitzerland, +41 61 323 5059USA, +1 202-737-6521
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