If approved, this would be the largest acquisition by any Chinese company, acquiring foreign assets. The $43 billion offer is a 24% premium to yeaterday’s closing price. I am highly doubtful the Swiss government will approve of such a deal, as Syngenta is a major ag player, globally, and the pride and joy of the bean counters in Switzerland.
My theory is supported by the fact that shares are only up 5% in pre-market trade.
ChemChina will likely be told to “fuck off” and to never come knocking on Swiss doors again.
If this deal is happening, there is a huge arb opportunity right now between the offer and current price spread.
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