IHS Chemical Week

Regions :: Western Europe :: Switzerland

Syngenta Bidding to Acquire Devgen for €403 Million...

11:00 AM MDT | September 21, 2012 | Natasha Alperowicz

Syngenta announced today that it is bidding to acquire Devgen (Ghent, Belgium), a global leader in hybrid rice and RNA interference (RNAi) technology. Syngenta says that the intended takeover bid is “for all outstanding shares and warrants issued by Devgen, representing a total consideration of around €403 million ($523.4 million).” Devgen is listed on the NYSE Euronext Brussels Exchange and delisting is planned on completion of the transaction. Syngenta has offered €16 for each Devgen share and a price for the warrants set according to...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




Comments (1) for Syngenta Bidding to Acquire Devgen for €403 Million...
Syngenta desperate attempts to boost up the sales is good ( acquisition of Pasteuria & now for Devgen ) , but investors should be mindful of the facts that syngenta already has so many products in its portfolio for which they have not LIBERATED the potential ( for example - AVICTA , the nematode control product, INVINSA the abiotic stress tolerant product), HYBRID rice germplasm , HIGH OLIEC SUNFLOWER ...VIP cotton , even the products like ABAMECTIN which has great potential has remained in the BACK BURNER , the way in which DUPONT , BAYER liberates the product potential of their AVAUNT, IMIDACLOPRID .. syngenta has largely failed in TMX , EMAMECTIN BENZOATE... I would not be very bullish about the news , syngenta makes about acquisition , unless those acquisitions really pays ... Syngenta acquired FAFRAD ( lawn n garden segment) which they have decided to sell off , of late . company is certainly lacking the EXECUTIONAL LEADERSHIP.
Posted by AJAY GOHIL on Saturday, September 22, 2012 @ 12:08 AM

contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa