IHS Chemical Week

EnviroTech :: Biotech

Syngenta delists Devgen following squeeze-out process

10:46 AM MST | February 27, 2013 | Francinia Protti-Alvarez

Syngenta has delisted hybrid rice and RNA technology firm Devgen (Ghent, Belgium) from the NYSE Euronext Brussels exchange, the company announced today. Syngenta secured 94% of the shares of Devgen last December during a €403-million ($526.7 million) public takeover bid. The original deal had been announced in September 2012. Syngenta, following a squeeze-out process that closed yesterday, holds 100% of Devgen's shares. Prior to the opening of the squeeze-out on 6 February, 98.32% of Devgen shares had been tendered to Syngenta. Payment for the shares and...

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