Contact Us

Shareholders Approve Chem-China Purchase of Syngenta; Tyson Stocks Tumble

**Syngenta shareholders have accepted ChemChina’s $43 billion offer to buy the company, tendering more than enough shares to allow the transaction to go forward.

Syngenta announced Monday that “based on preliminary numbers, around 80.7 percent of shares have been tendered,” well above the 67 percent threshold needed.

The U.S. and the European Commission, the governing arm of the European Union, last month approved the transaction subject to certain conditions.

**Tyson Foods stock takes a tumble after the company’s net income for the quarter ending April 1 was down 21 percent from a year ago and revealed it was being investigated by the state of Florida for possible anticompetitive practices.

In a filing with the Securities and Exchange Commission, Tyson said the Florida Attorney General’s office is looking into “possible anticompetitive conduct in connection with the Georgia Dock, a chicken products pricing index formerly published by the Georgia Department of Agriculture.”

Tyson said the AG’s office sent a civil investigative demand to the company in March, in addition to a January subpoena from the SEC, which Tyson has already disclosed.

**In order to win antitrust approval for its $66 billion acquisition of Monsanto, Bayer announced it has agreed to sell its Liberty agro-chemicals and Liberty Link trait technology.

The announcement comes after South Africa’s Competition Commission weighed in over the weekend, asking for about $2.5 billion in asset sales.

Bayer says it’s agreed to the conditions and is evaluating how best to execute the imposed divestiture.

Best of KIT

Recommended for You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for KIT VIP quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive KIT VIP contests, events, coupons, presales, and much more delivered to you for FREE.