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Syngenta buys Devgen

7:21 AM MST | December 14, 2012

Syngenta says that the conditions of its previously announced €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. Devgen’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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