ChemChina Announces the Definitive End Results of the Tender Offers for Syngenta
Settlement for shares tendered after the expiration of the Main Offer Period will take place on June 7, 2017.
ChemChina re-affirmed its intention to request the cancellation of the remaining publicly held Syngenta shares in accordance with the Swiss Financial Markets Infrastructure Act if the 98 percent threshold is exceeded. To that end, it intends to acquire further shares through market purchases or in off-market transactions.
If the level of participation remains below 98 percent, ChemChina re-affirmed its intention to proceed to a squeeze-out merger.
About Syngenta
Syngenta is a leading agriculture company helping to improve global food security by enabling millions of farmers to make better use of available resources. Through world class science and innovative crop solutions, our 28,000 people in over 90 countries are working to transform how crops are grown. We are committed to rescuing land from degradation, enhancing biodiversity and revitalizing rural communities. To learn more visit www.syngenta.com and www.goodgrowthplan.com. Follow us on Twitter® at www.twitter.com/Syngenta.
About ChemChina
ChemChina, which is headquartered in Beijing, China, possesses production, R&D and marketing systems in 150 countries and regions. It is the largest chemical corporation in China, and occupies the 234th position among the Fortune Global 500. The company’s main businesses include materials science, life science, high-end manufacturing and basic chemicals, among others. Previously, ChemChina has successfully acquired 9 leading industrial companies in France, United Kingdom, Israel, Italy and Germany, etc. To learn more visit www.chemchina.com and www.chemchina.com/press.
Additional information and where to find it
This press release is for informational purposes only and does not constitute an offer to purchase or a solicitation of an offer to sell Common Shares or ADSs. The solicitation and offer to buy Common Shares or ADSs was only made pursuant to the Swiss Offer Prospectus and the U.S. Offer to Purchase and other documents relating to the U.S. Offer that were filed with the U.S. Securities and Exchange Commission ("SEC"), including the Tender Offer Statement on Schedule TO filed by ChemChina and CNAC Saturn (NL) B.V. ("Purchaser") and the Solicitation/Recommendation Statement on Schedule 14D-9 with respect to the U.S. Offer filed by Syngenta. A free copy of these materials and other documents filed by ChemChina, Purchaser and Syngenta with the SEC can be obtained at the website maintained by the SEC at www.sec.gov. Free copies of the Solicitation/Recommendation Statement and other documents filed with the SEC by Syngenta can be obtained at www.syngenta.com.
Cautionary statement regarding forward-looking statements
Some of the statements contained in this press release are forward-looking statements, including statements regarding the expected consummation of the acquisition, which involves a number of risks and uncertainties discussed in Syngenta’s public filings with the SEC, including the "risk factors" section of Syngenta's Form 20-F filed on February 16, 2017 as well as the U.S. Offer documents filed by ChemChina and Purchaser and the Solicitation/Recommendation Statement filed by Syngenta. These statements are based on current expectations, assumptions, estimates and projections, and involve known and unknown risks, uncertainties and other factors that may cause results, levels of activity, performance or achievements to be materially different from any forward-looking statements. These statements are generally identified by words or phrases such as "believe", "anticipate", "expect", "intend", "plan", "will", "may", "should", "estimate", "predict", "potential", "continue" or the negative of such terms or other similar expressions. If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results and the timing of events may differ materially from the results and/or timing discussed in the forward-looking statements, and you should not place undue reliance on these statements. ChemChina, Purchaser and Syngenta disclaim any intent or obligation to update any forward-looking statements as a result of developments occurring after the period covered by this press release or otherwise.
ContactsSyngenta International AG
Media Office
Tel: +41 61 323 2323
Fax: +41 61 323 2424
www.syngenta.com
or
Media:
Leandro Conti, +41 61 323 2323
Switzerland
or
Paul Minehart, +1 202-737-8913
USA
or
Analyst/Investors:
Jennifer Gough
Switzerland, +41 61 323 5059
USA, +1 202-737-6521
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BASEL, Switzerland–(BUSINESS WIRE)–China National Chemical Corporation (ChemChina) today announced the
definitive end results for ChemChina’s offer to acquire Syngenta,
according to which around 94.7 percent of shares have been tendered.
Settlement for shares tendered after the expiration of the Main Offer
Period will take place on June 7, 2017.
ChemChina re-affirmed its intention to request the cancellation of the
remaining publicly held Syngenta shares in accordance with the Swiss
Financial Markets Infrastructure Act if the 98 percent threshold is
exceeded. To that end, it intends to acquire further shares through
market purchases or in off-market transactions.
If the level of participation remains below 98 percent, ChemChina
re-affirmed its intention to proceed to a squeeze-out merger.
About Syngenta
Syngenta is a leading agriculture company helping to improve global food
security by enabling millions of farmers to make better use of available
resources. Through world class science and innovative crop solutions,
our 28,000 people in over 90 countries are working to transform how
crops are grown. We are committed to rescuing land from degradation,
enhancing biodiversity and revitalizing rural communities. To learn more
visit www.syngenta.com
and www.goodgrowthplan.com.
Follow us on Twitter® at www.twitter.com/Syngenta.
About ChemChina
ChemChina, which is headquartered in Beijing, China, possesses
production, R&D and marketing systems in 150 countries and regions. It
is the largest chemical corporation in China, and occupies the 234th
position among the Fortune Global 500. The company’s main businesses
include materials science, life science, high-end manufacturing and
basic chemicals, among others. Previously, ChemChina has successfully
acquired 9 leading industrial companies in France, United Kingdom,
Israel, Italy and Germany, etc. To learn more visit www.chemchina.com
and www.chemchina.com/press.
Additional information and where to find it
This press release is for informational purposes only and does not
constitute an offer to purchase or a solicitation of an offer to sell
Common Shares or ADSs. The solicitation and offer to buy Common Shares
or ADSs was only made pursuant to the Swiss Offer Prospectus and the
U.S. Offer to Purchase and other documents relating to the U.S. Offer
that were filed with the U.S. Securities and Exchange Commission
(“SEC”), including the Tender Offer Statement on Schedule TO filed by
ChemChina and CNAC Saturn (NL) B.V. (“Purchaser”) and the
Solicitation/Recommendation Statement on Schedule 14D-9 with respect to
the U.S. Offer filed by Syngenta. A free copy of these materials and
other documents filed by ChemChina, Purchaser and Syngenta with the SEC
can be obtained at the website maintained by the SEC at www.sec.gov.
Free copies of the Solicitation/Recommendation Statement and other
documents filed with the SEC by Syngenta can be obtained at www.syngenta.com.
Cautionary statement regarding forward-looking statements
Some of the statements contained in this press release are
forward-looking statements, including statements regarding the expected
consummation of the acquisition, which involves a number of risks and
uncertainties discussed in Syngenta’s public filings with the SEC,
including the “risk factors” section of Syngenta’s Form 20-F filed on
February 16, 2017 as well as the U.S. Offer documents filed by ChemChina
and Purchaser and the Solicitation/Recommendation Statement filed by
Syngenta. These statements are based on current expectations,
assumptions, estimates and projections, and involve known and unknown
risks, uncertainties and other factors that may cause results, levels of
activity, performance or achievements to be materially different from
any forward-looking statements. These statements are generally
identified by words or phrases such as “believe”, “anticipate”,
“expect”, “intend”, “plan”, “will”, “may”, “should”, “estimate”,
“predict”, “potential”, “continue” or the negative of such terms or
other similar expressions. If underlying assumptions prove inaccurate or
unknown risks or uncertainties materialize, actual results and the
timing of events may differ materially from the results and/or timing
discussed in the forward-looking statements, and you should not place
undue reliance on these statements. ChemChina, Purchaser and Syngenta
disclaim any intent or obligation to update any forward-looking
statements as a result of developments occurring after the period
covered by this press release or otherwise.
Contacts
Syngenta International AG
Media Office
Tel: +41 61 323
2323
Fax: +41 61 323 2424
www.syngenta.com
or
Media:
Leandro
Conti, +41 61 323 2323
Switzerland
or
Paul Minehart, +1
202-737-8913
USA
or
Analyst/Investors:
Jennifer
Gough
Switzerland, +41 61 323 5059
USA, +1 202-737-6521
