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Chemical Week Magazine :: Newsbriefs
Syngenta buys Devgen
7:21 AM MST | December 14, 2012
Syngenta says that the conditions of its previously announced â‚¬403-million ($521 million) public takeover bid for 94% of the shares of Devgen (Ghent, Belgium) have been fulfilled, under the terms of the initial offer. Payment for shares already tendered will take place on 17 December 2012. Devgenâ€™s board will, from this date, be composed of a majority of directors appointed by Syngenta, the company says. Syngenta intends to proceed with a simplified squeeze-out for the remaining Devgen shares and to request the delisting of...
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